The graph in Figure 3P-3 shows the weekly market for compact discs in a small town. Use this graph to answer Problems 14-16. 11eb69fa_968d_ade2_ba7a_9fa0fb640808_SM2313_00 Which of the following events will occur at a price of $20? a. Equilibrium. b. Excess demand. c. Excess supply. d. No CDs supplied. e. No CDs demanded.

Economics 1st Edition by Dean Karlan,Jonathan Morduch

النسخة 1الرقم المعياري الدولي: 978-0073511498

Economics 1st Edition by Dean Karlan,Jonathan Morduch

النسخة 1الرقم المعياري الدولي: 978-0073511498

تمرين 29

The graph in Figure 3P-3 shows the weekly market for compact discs in a small town. Use this graph to answer Problems 14-16.

Which of the following events will occur at a price of $20?
a. Equilibrium.
b. Excess demand.
c. Excess supply.
d. No CDs supplied.
e. No CDs demanded.

التوضيح

موثّق

Given information:
Figure -1 illustrates...