-In the above figure, if the price level is 150
A)total planned production exceeds total expenditures.
B)total expenditures exceed total planned expenditures.
C)total planned production equals total expenditures.
D)total planned production is less than total expenditures.

Question

-In the above figure, if the price level is 150
A)total planned production exceeds total expenditures. 
B)total expenditures exceed total planned expenditures. 
C)total planned production equals total expenditures. 
D)total planned production is less than total expenditures.

Quizplus · Accepted Answer

When the price level is 150, total planned production exceeds total expenditures, indicating an excess supply in the market.

-In the Above Figure, If the Price Level Is 150