The supply and demand schedules for the umbrella market are given below:
TABLE 3-2 Refer to Table 3-2.At a price of ________ there would be an excess ________ of umbrellas.
A) $10; supply
B) $15; supply
C) $20; supply
D) $25; supply
E) $30; demand
Correct Answer:
Verified
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A)excess
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