Market Equilibrium

-Assume that column B and column D are the initial demand and supply curves.At a price of $30,the market would experience
A) an equilibrium.
B) excess demand of 95 units.
C) excess supply of 45 units.
D) excess demand of 45 units.
E) excess supply of 50 units.

Question

Market Equilibrium
 
-Assume that column B and column D are the initial demand and supply curves.At a price of $30,the market would experience
A) an equilibrium. 
B) excess demand of 95 units. 
C) excess supply of 45 units. 
D) excess demand of 45 units. 
E) excess supply of 50 units.

Quizplus · Accepted Answer

The Answer of Market Equilibrium
 
-Assume that column B and column D are the initial demand and supply curves.At a price of $30,the market would experience
A) an equilibrium. 
B) excess demand of 95 units. 
C) excess supply of 45 units. 
D) excess demand of 45 units. 
E) excess supply of 50 units.

Market Equilibrium -Assume That Column B and Column D Are the Initial