Refer to the Figure Below

question 116

Multiple Choice

Refer to the figure below. At a price of $9, there will be:

• A) an excess demand of 5 units.
• B) an excess supply of 6 units.
• C) an excess demand of 1 unit.
• D) an excess supply of 5 units.

---

Definitions:

Regulation

The act of controlling, governing, or directing according to rules, principles, or laws, usually by a government or regulatory body.

Credit Card

A plastic card issued by a bank or financial services company, allowing holders to borrow funds within a pre-approved limit for purchases or cash withdrawals.

Married Woman

A female individual who is legally bound in marriage; historically, this status affected rights and legal capacities.

Interstate Land Sales Full Disclosure Act

A federal law that aims to prevent fraudulent marketing practices in the sale of land and to ensure that buyers receive adequate information before purchasing.