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Unit 3A Quiz 4

Unit 3A Quiz 4

Q Question 1 1 / 1 pts Figure 4-17 Refer to Figure 4-17. If the price is $10, then there would be a Question 2 1 / 1 pts Figure 4-15 Refer to Figure 4-15. Equilibrium price and quantity are, respectively, Question 3 1 / 1 pts Figure 4-17 Refer to Figure 4-17. At a price of $20, which of the following statements is not correct? Question 4 1 / 1 pts Figure 4-17 Refer to Figure 4-17. If price is $25, then quantity demanded and quantity supplied, respectively, are Question 5 1 / 1 pts Figure 4-16 Refer to Figure 4-16. If there is currently a shortage of 20 units of the good, then the law of

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1 shortage of 600 units, and price would rise. 2 $25 and 400 units. 3 Equilibrium price is equal to equilibrium quantity.