question archive According to the table, which of the following occurs when price is $12? Price Quantity Demanded Quantity Supplied $15 40 80 $12 50 70 $10 60 60 $7 70 50 $5 80 40 A
According to the table, which of the following occurs when price is $12? Price Quantity Demanded Quantity Supplied $15 40 80 $12 50 70 $10 60 60 $7 70 50 $5 80 40 A
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According to the table, which of the following occurs when price is $12?
| Price | Quantity Demanded | Quantity Supplied |
|---|---|---|
| $15 | 40 | 80 |
| $12 | 50 | 70 |
| $10 | 60 | 60 |
| $7 | 70 | 50 |
| $5 | 80 | 40 |
A. a shortage of 20 units
B. market equilibrium
C. a surplus of 20 units
D. a surplus of 40 units
Option 1
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