In the above figure, if the price is equal to $50, there is
A) a surplus of 200 units.
B) a shortage of 100 units.
C) an excess quantity demanded of 50 units.
D) an inadequate supply of 100 units.
A
Economics
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A deficit in the financial account means:
a) the nation has imported more assets than it exported b) the nation has exported more assets than it imported c) the nation has invested more than it saved d) the nation has produced more than it consumed
Economics
If a competitive market is at equilibrium, and if there is a sudden increase in demand, then a temporary
a. surplus will occur and the price will increase. b. shortage will occur and the price will fall. c. surplus will occur and the price will fall. d. shortage will occur and the price will increase.
Economics