​Exhibit 3-8 Demand and Supply Data for Video Games
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question 350

Multiple Choice

​Exhibit 3-8 Demand and supply data for Video games
​ $$\begin{array} { | c | c | c | } \hline \text { Price } & \begin{array} { c } \text { Quantity Demanded } \\\text { of Video games }\end{array} & \begin{array} { c } \text { Quantity Supplied } \\\text { of Video games }\end{array} \\\hline \$ 75 & 400 & 900 \\70 & 450 & 850 \\65 & 500 & 800 \\60 & 550 & 750 \\55 & 600 & 700 \\50 & 650 & 650 \\45 & 700 & 600 \\40 & 750 & 550 \\\hline\end{array}$$ ​
-In Exhibit 3-8, if the price of video games was currently $45, there would be an ____________ of ______________ video games in this market.?

• A) ?excess demand; 700
• B) ?excess demand; 500
• C) ?excess supply; 100
• D) excess supply; 600
• E) ?excess demand; 100

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Definitions:

Cooperative Strategies

Approaches that involve collaboration between different parties or organizations to achieve a common goal or mutual benefit.

Power Strategies

Tactics employed by individuals or groups to gain, maintain, or demonstrate power within a social, political, or organizational context.

Vulnerable Population

Groups of individuals who are at greater risk of suffering harm or injustice due to factors such as age, health, disability, economic status, or minority status.

Affirmative Action

A policy or a program designed to counter discrimination against minority groups and women in areas like employment and education.