$$\begin{array} { | l | l | l | }
\hline \begin{array} { l }
\text { Price } \
\text { (dollars per } \
\text { pair) }
\end{array} & \begin{array} { l }
\text { Quantity } \
\text { demanded } \
\text { (pairs per } \
\text { week) }
\end{array} & \begin{array} { l }
\text { Quantity } \
\text { supplied } \
\text { (pairs per } \
\text { week) }
\end{array} \
\hline 30 & 130 & 70 \
\hline 40 & 120 & 80 \
\hline 50 & 110 & 90 \
\hline 60 & 100 & 100 \
\hline 70 & 90 & 110 \
\hline 80 & 80 & 120 \
\hline 90 & 70 & 130 \
\hline
\end{array}$$
-The table shows the demand and supply schedules for jeans.

Question

$$\begin{array} { | l | l | l | } 
\hline \begin{array} { l } 
\text { Price } \
\text { (dollars per } \
\text { pair) }
\end{array} & \begin{array} { l } 
\text { Quantity } \
\text { demanded } \
\text { (pairs per } \
\text { week) }
\end{array} & \begin{array} { l } 
\text { Quantity } \
\text { supplied } \
\text { (pairs per } \
\text { week) }
\end{array} \
\hline 30 & 130 & 70 \
\hline 40 & 120 & 80 \
\hline 50 & 110 & 90 \
\hline 60 & 100 & 100 \
\hline 70 & 90 & 110 \
\hline 80 & 80 & 120 \
\hline 90 & 70 & 130 \
\hline
\end{array}$$
-The table shows the demand and supply schedules for jeans.

Quizplus · Accepted Answer

At $40 a pair, the quantity demanded (120 pairs) exceeds the quantity supplied (80 pairs), creating a shortage. This shortage will typically cause the price to rise.

-The Table Shows the Demand and Supply Schedules for Jeans