Question: Table 3.4.1 Price (dollars per unit) Quantity Demanded (units) Quantity Supplied (units) 1 1,100 50 2 800 200 3 600 420 4 500 500 5

Table 3.4.1 Price (dollars per unit) Quantity Demanded (units) Quantity Supplied (units) 1 1,100 50 2 800 200 3 600 420 4 500 500 5 420 580 6 350 640 7 320 680 8 300 700 Refer to Table 3.4.1. A shortage occurs if Question 28 options: the price is $7 a unit. the price is $4 a unit. the price is below $4 a unit. the price is $5 a unit. the price is $6 a unit

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