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Price Per Unit Quantity Demanded Per Year Quantity Supplied Per Year $ 6 2,100 0 11 1,900 400 16 1,700 700 21 1,500 1,000 26

Price Per Unit Quantity Demanded Per Year Quantity Supplied Per Year $ 6 2,100 0 11 1,900 400 16 1,700 700 21 1,500 1,000 26 1,300 1,300 31 1,100 1,600 Refer to the above table. At a price of $26 per unit, which of the following would exist? Multiple Choice a surplus of 700 units neither a surplus nor a shortage a shortage of 1,700 units a surplus of 1,000 units

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