Question

In the exhibit below, at a price of $0.50, the market for Good X will experience a. shortage of 100 units. b. surplus of 100 units. c. shortage of 300 units. d. surplus of 200 units.

          In the exhibit below, at a price of $0.50, the market for Good X will experience 
a. shortage of 100 units.
b. surplus of 100 units.
c. shortage of 300 units.
d. surplus of 200 units.
        

Added by Barbara C.

Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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In the exhibit below, at a price of $0.50, the market for Good X will experience a. shortage of 100 units. b. surplus of 100 units. c. shortage of 300 units. d. surplus of 200 units.
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Transcript

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00:02 In the question given the options are given to us so we have to choose and write the correct one so since at the price floor of floor of dollar 25 we can see from the from the graph that quantity supplied that is qs is greater than quantity demanded that is qd so there will be…
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