Question: answer the question, need answer only Question 47 Time left 2:06:57 Use the table below to answer the following questions. Not yet answered Table 3.5.3

 answer the question, need answer only Question 47 Time left 2:06:57

answer the question, need answer only

Use the table below to answer the following questions. Not yet answered

Question 47 Time left 2:06:57 Use the table below to answer the following questions. Not yet answered Table 3.5.3 Marked out of Demand and supply schedules for designer sport t-shirts at CoolU 1.000 Flag Price Quantity Supplied Quantity Demanded question (dollars per t-shirt) (t-shirts per month) (t-shirts per month) 150 300 160 280 170 260 180 240 190 220 200 200 210 180 220 160 230 140 240 120 Refer to Table 3.5.3. Suppose that the price of a designer sport t-shirt is $6. The market has leading to Select one: O a. an equilibrium; no change in the price b. a shortage; a fall in the price O c. a shortage; a rise in the price O d. a surplus; a fall in the price O e. a surplus; a rise in the price 48

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