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Refer to the Table Below

Question 101

Multiple Choice

Refer to the table below. Suppose the columns in this table reflect demand and supply. At a price of $30: Refer to the table below. Suppose the columns in this table reflect demand and supply. At a price of $30:   A)  the market will be in equilibrium. B)  there will be an excess demand of 95 units. C)  there will be an excess supply of 45 units. D)  there will be an excess demand of 45 units.


A) the market will be in equilibrium.
B) there will be an excess demand of 95 units.
C) there will be an excess supply of 45 units.
D) there will be an excess demand of 45 units.

Correct Answer:

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