Using the data in the table above, if the price of a stapler is $5, then there is ________ of staplers, and the quantity of staplers demanded ________ the quantity of staplers supplied
A) a shortage; is greater than
B) a surplus; is less than
C) a shortage; is less than
D) a surplus; is greater than
E) neither a surplus nor a shortage; equals
A
Economics
You might also like to view...
A cost imposed on people other than the consumers of a good or service is a:
a. price floor. b. negative externality. c. positive externality. d. price externality.
Economics
At the equilibrium level of real GDP, which of the following is true?
a. Unplanned inventory investment is positive. b. Unplanned inventory investment is negative. c. Aggregate output equals aggregate expenditures. d. Aggregate output plus consumption spending equals aggregate expenditures.
Economics