-In Table 3.3, if the price is $1, a ____ of ____ units will occur.
A) shortage; 15
B) shortage; 12
C) surplus; 15
D) surplus; 12
E) shortage; 45

Question

-In Table 3.3, if the price is $1, a ____ of ____ units will occur.
A) shortage; 15 
B) shortage; 12 
C) surplus; 15 
D) surplus; 12 
E) shortage; 45

Quizplus · Accepted Answer

Without seeing Table 3.3, we can deduce that the correct answer involves a specific quantity imbalance at a price of $1. The choice of "shortage; 15 units" suggests that at this price, the demand exceeds the supply by 15 units, leading to a shortage.