Refer to Figure 3-5. At a price of $5
A) there is a shortage of 4 units. B) there is a shortage of 6 units.
C) there is a scarcity of 4 units. D) there is a surplus of 4 units.
A
Economics
You might also like to view...
A decreasing-cost industry has a downward-sloping
A) long-run average cost curve. B) long-run marginal cost curve. C) short-run average cost curve. D) short-run marginal cost curve. E) long-run industry supply curve.
Economics
Which of the following is a component of aggregate demand?
A. Income B. Taxes C. Consumption D. Transfer payments
Economics