Exhibit 3-8 Demand and Supply Data for Video Games
?
Price
Quantity Demanded
of Video Games
Quantity Supplied
of Video Games
$75
400
900
70
450
850
65
500
800
60
550
750
55
600
700
50
650
650
45
700
600
40
750
550
?
In Exhibit 3-8, if there is a shortage of video games of 200 units, the current price of video games
must be:
A. $60.
B. $55.
C. $40.
D. $45.
Answer: C
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