Use the figure below to answer the following questions.
Table 3.5.2
Demand and Supply Schedules for Cups of Coffee each day at CoolU

-Refer to Table 3.5.2.If the price is set at $1.30 per cup,there is a ________ leading to a price ________.

Question

Use the figure below to answer the following questions.
Table 3.5.2
Demand and Supply Schedules for Cups of Coffee each day at CoolU
 
-Refer to Table 3.5.2.If the price is set at $1.30 per cup,there is a ________ leading to a price ________.

Quizplus · Accepted Answer

If the price is set above the equilibrium price, there will be a surplus, leading to a price fall as suppliers reduce prices to sell excess stock.

Use the Figure Below to Answer the Following Questions