Refer to Figure 2.3.At a price of $13 per CD,there would be:
A) excess supply of 30 thousand CDs.
B) excess demand of 10 thousand CDs.
C) excess supply of 60 thousand CDs.
D) excess demand of 60 thousand CDs.

Question

Refer to Figure 2.3.At a price of $13 per CD,there would be: 
A) excess supply of 30 thousand CDs. 
B) excess demand of 10 thousand CDs. 
C) excess supply of 60 thousand CDs. 
D) excess demand of 60 thousand CDs.

Quizplus · Accepted Answer

The Answer of Refer to Figure 2.3.At a price of $13 per CD,there would be: 
A) excess supply of 30 thousand CDs. 
B) excess demand of 10 thousand CDs. 
C) excess supply of 60 thousand CDs. 
D) excess demand of 60 thousand CDs.