Question: Price (S) 1.0 Quantity demanded i Quantity supplied 100 1.20 1.40 1.50 1.60 88828 10 90 30 80 50- 70 70 60 90 The

Price (S) 1.0 Quantity demanded i Quantity supplied 100 1.20 1.40 1.50

Price (S) 1.0 Quantity demanded i Quantity supplied 100 1.20 1.40 1.50 1.60 88828 10 90 30 80 50- 70 70 60 90 The table given below shows the quantity supplied and the quantity demanded of a good at different prices. If the price of the good described in the table given below is $1.60, then there is a Table 4.3 a) shortage of 20 units. b) surplus of 10 units. c) surplus of 20 units. d) surplus of 30 units. shortage of 30 units.

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