Price Quantity Demanded Quantity Supplied
$1 1,500 100
$2 1,300 700
$3 1,000 1,000
$4 600 1,300
$5 100 1,400
Consider the market in the table above. At a price of $2 per unit,
there is a surplus of 600 units.
there is incentive for the price to fall.
the quantity purchased will be 1,300 units.
the quantity traded is 1,000 units.
there is a shortage of 600 units.
