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Homework answers / question archive / Price Per Unit Quantity Demanded Per Year Quantity Supplied Per Year $ 5 2,000 0 10 1,800 300 15 1,600 600 20 1,400 900 25 1,200 1,200 30 1,000 1,500  Refer to the above table

Price Per Unit Quantity Demanded Per Year Quantity Supplied Per Year $ 5 2,000 0 10 1,800 300 15 1,600 600 20 1,400 900 25 1,200 1,200 30 1,000 1,500  Refer to the above table

Economics

Price Per Unit Quantity Demanded Per Year Quantity Supplied Per Year $ 5 2,000 0 10 1,800 300 15 1,600 600 20 1,400 900 25 1,200 1,200 30 1,000 1,500 
Refer to the above table. A surplus of 500 units will occur when the price is 
 

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Price per Unit  Quantity Demanded  Quantity Supplied  Surplus or Shortage
  Per Year Per Year (Quantity Demanded - Quantity Supplied)
5 2000 0 -2000
10 1800 300 -1500
15 1600 600 -1000
20 1400 900 -500
25 1200 1200 0
30 1000 1500 500

** Here, Negative Sign represent shortage.

So, there is a surplus of 500 units when price is $30 per unit. The correct option is 1st "$30".

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