Use the following diagram to answer the following questions.

-Refer to Unit. If the price of housing is currently $90,000 per unit, there will be:

Question

Use the following diagram to answer the following questions.
 
-Refer to Unit. If the price of housing is currently $90,000 per unit, there will be:

Quizplus · Accepted Answer

At a price of $90,000 per unit, if there is an excess supply, it means that the quantity supplied is greater than the quantity demanded. The specific numbers (20,000 units) indicate that at this price, sellers are offering 20,000 more units than buyers are willing to purchase, leading to an excess supply situation.

Use the Following Diagram to Answer the Following Questions