Author Question: Effects of ShortageThe table shows the quantity of video games that are demanded and supplied at ... (Read 73 times)

dusk108 · **on:** Nov 23, 2022

Question 1

The table shows the quantity of video games that are demanded and supplied at various prices.

Price	Quantity Demanded	Quantity Supplied
10	220	160
20	200	240
30	180	320
40	160	400
50	140	480
60	120	560

At what price is there a surplus of 440 video games?
◦ $50
◦ $20
◦ $60
◦ $30

Question 2

Effects of Shortage

The table shows the quantity of video games that are demanded and supplied at various prices.

Price	Quantity Demanded	Quantity Supplied
10	880	60
20	800	80
30	720	100
40	640	120
50	560	140
60	480	160

At what price is there a shortage of 720 video games?
◦ $30
◦ $60
◦ $50
◦ $20

Jim457 · **Reply #1 on:** Nov 23, 2022

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