Gce Model Questions Vol1 2025 Economics Question 11

Practice objective / multiple choice question 11 from the 2025 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2025 Economics Objective / Multiple Choice Easy Difficulty
Question 11 GCE_MODEL_QUESTIONS_VOL1 • 2025 • ECONOMICS • objective

At a price of \(£8\), the quantity demanded of Good Y is 200 units and the quantity supplied is 150 units. What is the market condition and by how many units does it differ from equilibrium?

Answer Options

A. Surplus of 30 units
Correct Answer B. Shortage of 50 units
C. Surplus of 50 units
D. Shortage of 30 units
Correct Answer
B
Correct Option:
Shortage of 50 units

About This Question

This is Gce Model Questions Vol1 2025 Economics Question 11. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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