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Figure 4.3 -Figure 4.3 Illustrates the Supply and Demand for Blue Jeans.If

Question 62

Multiple Choice

Figure 4.3 -Figure 4.3 illustrates the supply and demand for blue jeans.If the actual price of blue jeans is $50,there is A) excess demand of 40 pairs of blue jeans. B) excess supply of 40 pairs of blue jeans. C) excess demand of 50 pairs of blue jeans. D) excess supply of 50 pairs of blue jeans.
Figure 4.3
-Figure 4.3 illustrates the supply and demand for blue jeans.If the actual price of blue jeans is $50,there is

A) excess demand of 40 pairs of blue jeans.
B) excess supply of 40 pairs of blue jeans.
C) excess demand of 50 pairs of blue jeans.
D) excess supply of 50 pairs of blue jeans.

Correct Answer: