-According to the above table, at a price of $16 per DVD, there is
A)an equilibrium.
B)a surplus of 3000 DVDs.
C)a shortage of 3000 DVDs.
D)a shortage of 1500 DVDs.

Name: -According to the above table, at a price of $16 per DVD, there is A)an equilibrium. B)a surplus of 3000 DVDs. C)a shortage of 3000 DVDs. D)a shortage of 1500 DVDs.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

-According to the above table, at a price of $16 per DVD, there is
A)an equilibrium. 
B)a surplus of 3000 DVDs. 
C)a shortage of 3000 DVDs. 
D)a shortage of 1500 DVDs.

Quizplus · Accepted Answer

At a price of $16 per DVD, the quantity supplied exceeds the quantity demanded, resulting in a surplus of 3000 DVDs.

-According to the Above Table, at a Price of $16