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Refer to the Table Below

Question 114

Multiple Choice

Refer to the table below. Suppose the columns in this table reflect demand and supply. At a price of $50: Refer to the table below. Suppose the columns in this table reflect demand and supply. At a price of $50:   A)  the market will be in equilibrium. B)  there will be an excess demand of 5 units. C)  there will be an excess supply of 70 units. D)  there will be an excess supply of 5 units.


A) the market will be in equilibrium.
B) there will be an excess demand of 5 units.
C) there will be an excess supply of 70 units.
D) there will be an excess supply of 5 units.

Correct Answer:

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