Economics Homework Help

Question 46 2.33 pts Use the following table to answer the following question. Market for Public TransportationPrice Quantity Demanded Quantity Supplied $0.75 100,000 65,000$1 .00 92,000 80,000$1 .25 86,000 86,000$1.50 80,000 100,000$1.75 75,000 115,000$2.00 68,000 1 16,000There will be when the price floor is $1.75 in the market for public transportation. 0 a surplus of 40,000 units0 a shortage of 40,000 units 0 neither a shortage nor a surplus. _ a surplus of 11,000 units / j a shortage of 11,000 units { -2