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The Figure Below Shows the Supply and Demand Curves for Oranges

Question 114

Multiple Choice

The figure below shows the supply and demand curves for oranges in Smallville. The figure below shows the supply and demand curves for oranges in Smallville.   At a price of $4 per pound there will be an excess ______ of ______ pounds of oranges per day. A) supply; 20 B) demand; 30 C) supply; 10 D) demand; 20 At a price of $4 per pound there will be an excess ______ of ______ pounds of oranges per day.


A) supply; 20
B) demand; 30
C) supply; 10
D) demand; 20

Correct Answer:

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