Figure 3-6
-Refer to Figure 3-6.The figure above represents the market for coffee grinders.Assume that the price of coffee grinders is $50.At this price
A)the quantity supplied exceeds the quantity supplied by 100.The price will eventually fall to $25 where quantity demanded will equal quantity supplied.
B)the supply exceeds the demand by 90.Some producers will have an incentive to offer to sell coffee grinders at a lower price.
C)there is a surplus equal to 90 coffee grinders that will be eliminated when the price falls to $25.
D)there is a surplus equal to 90 coffee grinders and the price of coffee grinders will fall until demand is equal to supply.

Question

Figure 3-6 
-Refer to Figure 3-6.The figure above represents the market for coffee grinders.Assume that the price of coffee grinders is $50.At this price
A)the quantity supplied exceeds the quantity supplied by 100.The price will eventually fall to $25 where quantity demanded will equal quantity supplied. 
B)the supply exceeds the demand by 90.Some producers will have an incentive to offer to sell coffee grinders at a lower price. 
C)there is a surplus equal to 90 coffee grinders that will be eliminated when the price falls to $25. 
D)there is a surplus equal to 90 coffee grinders and the price of coffee grinders will fall until demand is equal to supply.

Quizplus · Accepted Answer

The Answer of Figure 3-6 
-Refer to Figure 3-6.The figure above represents the market for coffee grinders.Assume that the price of coffee grinders is $50.At this price
A)the quantity supplied exceeds the quantity supplied by 100.The price will eventually fall to $25 where quantity demanded will equal quantity supplied. 
B)the supply exceeds the demand by 90.Some producers will have an incentive to offer to sell coffee grinders at a lower price. 
C)there is a surplus equal to 90 coffee grinders that will be eliminated when the price falls to $25. 
D)there is a surplus equal to 90 coffee grinders and the price of coffee grinders will fall until demand is equal to supply.

Figure 3-6 -Refer to Figure 3-6.The Figure Above Represents the Market for the Market