AndrewHenriquezGiron
AndrewHenriquezGiron AndrewHenriquezGiron
  • 03-09-2021
  • Advanced Placement (AP)
contestada

According to the accompanying graph, if the price is $20, there is a ________ of ________ units.

a. surplus; 100
b. surplus; 150
c. shortage; 100
d. surplus; 50
e. shortage; 50

According to the accompanying graph if the price is 20 there is a of units a surplus 100 b surplus 150 c shortage 100 d surplus 50 e shortage 50 class=

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joaobezerra joaobezerra
  • 15-09-2021

Analyzing the graph, it is found that there is a shortage of 100 units, given by option c.

-------------------

  • In the graph, the price is given by the y-axis.
  • When the price is of $20, the supply is of 50 units.
  • The demand is of 150 units.
  • Demand > supply, thus, there is a shortage.
  • 150 - 50 = 100, thus, a shortage of 100 units, given by option c.

A similar problem is given at https://brainly.com/question/24294701

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