in-a-market-with-a-price-ceiling-of-50-the-quantity-demanded-is-500-units-and-th

Question

In a market with a price ceiling of $50, the quantity demanded is 500 units and the quantity supplied is 300 units. What is the resulting shortage?

Accepted Answer

200 units

Answer

300 units

Answer

400 units

Answer

100 units

In a market with a price ceiling of \$50, the quantity demanded is 500 units and the quantity supplied is 300 units. What is the resulting shortage?