The market for ice cream bars on a hot day at the local beach is summarized in the table below.

Market for Ice Cream Bars

Instructions:

Enter your answer as a whole number.

Determine whether there is a surplus or a shortage at a price of $1.80 per ice cream bar, and determine the size of the surplus or shortage.

There is a (shortage or surplus) of ___ ice cream bars.

Transcribed Image Text:

Price (dollars) $1.40 1.60 1.80 2.00 2.20 2.40 2.60 Quantity of Ice Cream Bars Demanded 310 280 250 220 190 160 130 Quantity of Ice Cream Bars Supplied 100 140 180 220 260 300 340 Price (dollars) $1.40 1.60 1.80 2.00 2.20 2.40 2.60 Quantity of Ice Cream Bars Demanded 310 280 250 220 190 160 130 Quantity of Ice Cream Bars Supplied 100 140 180 220 260 300 340

Answer rating: 100% (QA)

Market for Ice cream Bars Price Quantity of Ice cream Bars Demanded Quantity of Ice cre... View the full answer