Figure 4-15

-Refer to Figure 4-15.At what price would there be an excess demand of 200 units of the good?

Name: Figure 4-15 -Refer to Figure 4-15.At what price would there be an excess demand of 200 units of the good?
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Question

Figure 4-15
 
-Refer to Figure 4-15.At what price would there be an excess demand of 200 units of the good?

Quizplus · Accepted Answer

An excess demand of 200 units occurs when the quantity demanded exceeds the quantity supplied by 200 units. At $20, the demand is higher than the supply by 200 units, indicating an excess demand of 200 units.

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