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Please refer to the table below describing the market for hot dogs. At what price would a shortage of 500 units develop? Quantity Quantity Demanded

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Please refer to the table below describing the market for hot dogs. At what price would a shortage of 500 units develop? Quantity Quantity Demanded Price Supplied 2000 $1 1500 1750 $2 1600 1500 $3 1700 1250 1800 1000 $5 1900 750 $6 2000 O $1 O Somewhere between $2 and $3 O Somewhere between $3 and $4 O More than $4

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