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This Table Shows the Demand and Supply Schedule of a Good

Question 145
Multiple Choice

This table shows the demand and supply schedule of a good. img According to the table shown,at a price of $1.00: A) a shortage will exist. B) a surplus will exist. C) more is being supplied than demanded. D) the market is in equilibrium.

Related questions
Q 146
This table shows the demand and supply schedule of a good. According to the table shown,at a price of $2.00 quantity demanded: A) exceeds quantity supplied and a shortage exists. B) is less than quantity supplied and a shortage exists. C) exceeds quantity supplied and a surplus exists. D) is less than quantity supplied and a surplus exists.
Q 147
This table shows the demand and supply schedule of a good. According to the table shown,at a price of $0.50 quantity demanded: A) exceeds quantity supplied and a shortage exists. B) is less than quantity supplied and a shortage exists. C) exceeds quantity supplied and a surplus exists. D) is less than quantity supplied and a surplus exists.
Q 148
According to the graph shown,the equilibrium price is: A) $5 B) $10 C) $15 D) $20
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