Whenever there is a shortage at a particular price, the quantity sold at that price will equal:
A. the quantity demanded at that price.
B. the quantity supplied minus the quantity demanded.
C. the quantity supplied at that price.
D. (quantity demanded plus quantity supplied)/2.
Answer:C
Whenever there is a shortage at a particular price, the quantity sold at that price will equal:
A. the quantity demanded at that price. B. the quantity supplied minus the quantity demanded. C. the quantity supplied at that price. D. (quantity demanded plus quantity supplied)/2.
Explanation: 29. Whenever there is a surplus at a particular price, the quantity sold at that price will equal: