ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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TTT
Quantity Demanded
Quantity Supplied
Price Per Unit
Per Year
Per Year
2,000
1,800
1,600
1,400
1,200
1,000
$5
10
300
15
600
20
900
25
1,200
1,500
30
Refer to the above table. A surplus of 500 units will occur when the price is:
a) $10 per unit
b) $15 per unit
c) $20 per unit
d) $30 per unit
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Transcribed Image Text:TTT Quantity Demanded Quantity Supplied Price Per Unit Per Year Per Year 2,000 1,800 1,600 1,400 1,200 1,000 $5 10 300 15 600 20 900 25 1,200 1,500 30 Refer to the above table. A surplus of 500 units will occur when the price is: a) $10 per unit b) $15 per unit c) $20 per unit d) $30 per unit
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