-Refer to the above figure. At a price of $10, excess quantity supplied equals
A) 0.
B) 12.
C) 15.
D) infinity.

Name: -Refer to the above figure. At a price of $10, excess quantity supplied equals A) 0. B) 12. C) 15. D) infinity.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

-Refer to the above figure. At a price of $10, excess quantity supplied equals
A) 0. 
B) 12. 
C) 15. 
D) infinity.

Quizplus · Accepted Answer

At a price of $10, the quantity supplied exceeds the quantity demanded. The quantity supplied is 22 units (from the supply curve), and the quantity demanded is 10 units (from the demand curve), resulting in an excess supply of 12 units (22 - 10 = 12).

-Refer to the Above Figure