Exhibit 4-16

-If the price of the computers described in Exhibit 4-16 is $900,then there is:

Question

Exhibit 4-16
 
-If the price of the computers described in Exhibit 4-16 is $900,then there is:

Quizplus · Accepted Answer

If the price is above the equilibrium price, there will be a surplus. The surplus is calculated by subtracting the quantity demanded from the quantity supplied at that price. In this case, a surplus of 80 computers indicates that the quantity supplied exceeds the quantity demanded by 80 units at the price of $900.

Exhibit 4-16 -If the Price of the Computers Described in Exhibit 4-16