-Using the data in the above table, at the price of $80 a phone, a

Question

Quizplus · Accepted Answer

At a price of $80, if the quantity supplied exceeds the quantity demanded, the difference between these two quantities represents a surplus. The specific numbers for supply and demand at this price point are not provided in the question, but the correct answer indicates that the quantity supplied is 25 thousand units more than the quantity demanded, leading to a surplus of 25 thousand cellular telephones.

-Using the Data in the Above Table, at the Price