The table below displays hypothetical demand and supply schedules for the market for overnight parcel deliveries in Canada. $$\begin{array} { | c | c | c | c | c | c | }
\hline & \begin{array} { c }
\text { Quantity } \
\text { Demanded } \
\text { (millions) }
\end{array} && & \begin{array} { c }
\text { Quantity } \
\text { Supplied } \
\text { (millions) }
\end{array} & \
\hline \text { Price (\$) } & \text { Year 1 } & \text { Year 2 } & & \text { Year 1 } & \text { Year 2 } \
\hline & & & & & \
\hline 30 & 80 & 95 & & 140 & 125 \
\hline 26 & 90 & 105 & & 135 & 120 \
\hline 22 & 100 & 115 & & 130 & 115 \
\hline 18 & 110 & 125 & & 125 & 110 \
\hline 14 & 120 & 135 & & 120 & 105 \
\hline 10 & 130 & 145 & & 115 & 100 \
\hline
\end{array}$$ TABLE 3- 3
-The quantity exchanged in the market will be below the equilibrium quantity

Question

The table below displays hypothetical demand and supply schedules for the market for overnight parcel deliveries in Canada. $$\begin{array} { | c | c | c | c | c | c | } 
\hline & \begin{array} { c } 
\text { Quantity } \
\text { Demanded } \
\text { (millions) }
\end{array} && & \begin{array} { c } 
\text { Quantity } \
\text { Supplied } \
\text { (millions) }
\end{array} & \
\hline \text { Price (\$) } & \text { Year 1 } & \text { Year 2 } & & \text { Year 1 } & \text { Year 2 } \
\hline & & & & & \
\hline 30 & 80 & 95 & & 140 & 125 \
\hline 26 & 90 & 105 & & 135 & 120 \
\hline 22 & 100 & 115 & & 130 & 115 \
\hline 18 & 110 & 125 & & 125 & 110 \
\hline 14 & 120 & 135 & & 120 & 105 \
\hline 10 & 130 & 145 & & 115 & 100 \
\hline
\end{array}$$ TABLE 3- 3
-The quantity exchanged in the market will be below the equilibrium quantity

Quizplus · Accepted Answer

The quantity exchanged in the market will be below the equilibrium quantity if there is either excess supply or demand. This is because in either case, there will be a shortage of buyers or sellers, which will lead to a lower quantity exchanged.

The Table Below Displays Hypothetical Demand and Supply Schedules for the Market