Exhibit 3-8 Demand and Supply Data for Video Games

Price

Quantity Demanded

of Video Games

Quantity Supplied

of Video Games

$75

400

900

70

450

850

65

500

800

60

550

750

55

600

700

50

650

650

45

700

600

40

750

550

-In Exhibit 3-8, if there is a surplus of video games of 200 units, the current price of video games must be:

Question

Exhibit 3-8 Demand and Supply Data for Video Games

Price	Quantity Demanded of Video Games	Quantity Supplied of Video Games
$75	400	900
70	450	850
65	500	800
60	550	750
55	600	700
50	650	650
45	700	600
40	750	550

-In Exhibit 3-8, if there is a surplus of video games of 200 units, the current price of video games must be:

Quizplus · Accepted Answer

At a price of $60, the quantity demanded is 550 units and the quantity supplied is 750 units, resulting in a surplus of 200 units (750 - 550 = 200).