Refer to Exhibit 3-14. At a price of $15, there is a of units...

Question

Question

Refer to Exhibit 3-14. At a price of $15, there is a ____________ of ____________ units of good X.

Question 11 4 pts Quantity Supplied Price of Good X $10 11 Quantity Demanded 400 60 70 360 80 13 310 230 130 90 130 14 15 70

Answer 1

Answer #1

At a price of $15, quantity supplied is 110 units and quantity demand is 70 units. It means at this price there is surplus of =110-70

=40 units.

At a price of $15, there is a surplus of 40 units of good X.

Hence option third is the correct answer.

Answer 2

Similar Homework Help Questions

Price of Good X Quantity Demanded Quantity Supplied $10 400 360 310 Refer to Exhibit 3-14....

Price of Good X Quantity Demanded Quantity Supplied $10 400 360 310 Refer to Exhibit 3-14. At a price of $10, there is a of good X 340, surplus • 230; shortage 60; surplus 340; shortage 270, shortage
Exhibit 3-4 Price (dollars) OT 5 10 15 20 25 Quantity Refer to Exhibit 3-4. A...

Exhibit 3-4 Price (dollars) OT 5 10 15 20 25 Quantity Refer to Exhibit 3-4. A price of $6 in the market will result in a a. shortage of 10 units. of units c. surplus of 5 units. d. shortage of 5 units. ANS PTS: 1 DIF: Difficulty: Moderate NAT: BUSPROG: Analytic LOC: DISC: Supply and demand KEY: Bloom's: Comprehension 53. Refer to Exhibit 3-4. At a price of $2 units will be exchanged. d. 20 ANSPTS: 1 DIF: Difficulty:...
Question 6 Exhibit 3-3 6 5 + V Price (dollars) w *D, Quantity Refer to Exhibit...

Question 6 Exhibit 3-3 6 5 + V Price (dollars) w *D, Quantity Refer to Exhibit 3-3. A shift in demand from D: to D2 can occur from a decrease in the price of a substitute. an increase in income (assume that this is an inferior good). a decrease in the good's own price. an increase in income (assume that this is a normal good).

Please see picture Price of Good x Quantity of Good X Refer to Exhibit 3-7. If...

Please see picture Price of Good x Quantity of Good X Refer to Exhibit 3-7. If S1 is the relevant supply curve, a decrease in the price of a resource that is necessary for the production of good X causes O no change in the supply of good X. the supply of good X to shift from $1 to $3. O a movement along S1 perhaps from point A to point B. O a movement along S1 perhaps from point...
Exhibit 11.3 S $ $10 - - D 0 Units of a 100 Resource Refer to...

Exhibit 11.3 S $ $10 - - D 0 Units of a 100 Resource Refer to Exhibit 11.3, which shows the demand and supply curves of a resource. The total resource earnings in equilibrium equal a. $300. O b. $400. C. $60. d. $40. O e. $1,000. 0= Icon Key Exhibit 15.2 MC AC 24 22 Price 00 14 MR 5 6 8 10 Quantity Refer to Exhibit 15.2, which shows the cost and revenue curves for a natural monopolist....
Refer to the figure below. If the price of Good A is $2 and the price...

Refer to the figure below. If the price of Good A is $2 and the price of Good B is $6, then the rational spending rule is satisfies when the consumer purchases ______ units of Good A and ______ units of Good B. Select one: a. 1; 1 b. 2; 1 c. 4; 3 d. 3; 2 Units Marginal Utility Marginal Utility of Good A 30 27 15 8 of Good B 40 24 14

Question 2 Exhibit 4-5 Price (dollars) P. 0 QI Quantity Kidneys for Transplants Refer to Exhibit...

Question 2 Exhibit 4-5 Price (dollars) P. 0 QI Quantity Kidneys for Transplants Refer to Exhibit 4-5. If a free market were allowed in the transplanted kidney market, then the equilibrium price would be Pg. The number of kidneys transplanted would increase by compared to the number transplanted at a price ceiling of P-50. Q-01) O (Q2-01) Question 3 Exhibit 3-10 30 20 Price of X (dollars) 10 100 300 Quantity of Refer to Exhibit 3-10, $20 is the price...
Refer to Exhibit 3-13. Fill in blanks (A) and (B) respectively with the market quantity demanded...

Refer to Exhibit 3-13. Fill in blanks (A) and (B) respectively with the market quantity demanded at each given price. Question 23 4 pts Exhibit 3-13 displays Quality Demanded. Assume that Jose, Kaitlyn, Leah, and Maria are the only buyers in this market. Leah Market Price Jose Kaitlyn Maria $5 50 20 25 40 (A) 23 6 45 18 36 (B) 20 7 40 16 32 (C) 8 28 14 17 28 (D) 9 15 12 14 20 (E) 10...
Exhibit 12-1 (1) (2) (3) (4) Units of Factor X Quantity of Output Product Price Marginal...

Exhibit 12-1 (1) (2) (3) (4) Units of Factor X Quantity of Output Product Price Marginal Revenue Product 0 10 $5 1 19 $5 A 2 27 $5 B 3 34 $5 C 4 39 $5 D Refer to Exhibit 12-1. What value goes in blank C? $35.00 $170.00 $40.00 $11.67

7. Refer to Exhibit 5-3. The configuration of this carbon atom (E) 15 Exhibit 5-4 Consider...

7. Refer to Exhibit 5-3. The configuration of this carbon atom (E) 15 Exhibit 5-4 Consider the structure of streptimidone to answer the following question(s): OH OH нс н stopuklone ĄCH 8. Refer to Exhibit 5-4. Assign Ror Sconfiguration to each chirality center indicated in streptimidone. 9. Refer to Exhibit 5-4. Will streptimidone have a meso stereoisomer? Explain your answer. Exhibit 5-5 Label each pair of stereoisomers below as: a. enantiomers b. diastereomers c. identical Place the letter of the...

Refer to Exhibit 3-14. At a price of $15, there is a____________ of ____________ units...