Solve it correctly please. At a price of $800 we haveO a shortage of 60 unitsO None of the choices are correctO a surplus of 90 unitsO a shortage 30 unitsO market equilibriuma surplus of 60 units 50" LCD TVs50" LCD TVsQuantity.supplied/monthQuantityPricedemanded/month$1,000120$90015105$8003090$7004575$6006060$5007545$4009030At a price of $800 we have

Equilibrium price is the price at which quantity demanded equals quantity supplied and market…

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Economics

Solve it correctly

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Solve it correctly please.

At a price of $800 we have
O a shortage of 60 units
O None of the choices are correct
O a surplus of 90 units
O a shortage 30 units
O market equilibrium
a surplus of 60 units

50" LCD TVs
50" LCD TVs
Quantity.
supplied/month
Quantity
Price
demanded/month
$1,000
120
$900
15
105
$800
30
90
$700
45
75
$600
60
60
$500
75
45
$400
90
30
At a price of $800 we have

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