The Table Below Displays Hypothetical Demand and Supply Schedules for the Market

question 138

Multiple Choice

The table below displays hypothetical demand and supply schedules for the market for overnight parcel deliveries in Canada.
TABLE 3-4
-Refer to Table 3-4.Suppose the price of overnight parcel delivery in Year 1 is $22.Which of the following statements is correct? In Year 1

• A)there is an excess demand of 15 million deliveries.
• B)there is an excess demand of 30 million deliveries.
• C)115 million parcels will be delivered.
• D)there is an excess supply of 15 million deliveries.
• E)there is an excess supply of 30 million deliveries.

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Definitions:

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A monotheistic religion based on the life and teachings of Jesus Christ, emphasizing the role of Jesus as savior and the importance of love and forgiveness.