-If Column 1 Represents the Demand Curve for a Product

question 22

Multiple Choice

-If column 1 represents the demand curve for a product and column 2 represents the supply curve,then at a price of $2.50,the market experiences _________________ equal to __________ units.

• A) excess demand;70
• B) excess demand;40
• C) excess supply;0
• D) excess supply;40
• E) excess supply;30

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