Question: 17. Table 1 Price (RM) Quantity demanded Quantity supplied (unit) (unit) 550 40 7 500 100 450 200 350 350 10 225 650 Table 1

17. Table 1 Price (RM) Quantity demanded Quantity supplied (unit) (unit) 550 40 7 500 100 450 200 350 350 10 225 650 Table 1 shows the demand and supply schedules for Good X. Based on Table 1, at the price of RM8 there is A. a surplus of 250 units. B. a shortage of 250 units. C. consumer surplus of 250 units. D. producer surplus of 250 units

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