Refer to the accompanying figure. At a price of $9, there will be:
A)an excess demand of 5 units.
B)an excess supply of 6 units.
C)an excess demand of 1 unit.
D)an excess supply of 5 units.

Name: Refer to the accompanying figure. At a price of $9, there will be: A)an excess demand of 5 units. B)an excess supply of 6 units. C)an excess demand of 1 unit. D)an excess supply of 5 units.
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Question

Refer to the accompanying figure. At a price of $9, there will be: 
A)an excess demand of 5 units. 
B)an excess supply of 6 units. 
C)an excess demand of 1 unit. 
D)an excess supply of 5 units.

Quizplus · Accepted Answer

At a price of $9 buyers will want to buy 1 unit, and sellers will want to sell 6 units, a difference of 5 units.

Refer to the Accompanying Figure