Figure 16.4.1
-Refer to Figure 16.4.1 above. At point B on the graph, there is:
A) an excess supply of food and clothing.
B) an excess demand of food and clothing.
C) an excess demand for food and an excess supply of clothing.
D) an excess supply of food and an excess demand for clothing.

Question

Quizplus · Accepted Answer

At point B, the quantity of food demanded exceeds the quantity supplied (excess demand for food), while the quantity of clothing supplied exceeds the quantity demanded (excess supply of clothing).

Figure 16.4.1 -Refer to Figure 16.4.1 Above. at Point B on the on the Graph