Daily Supply and Demand: Oranges in Hurricane Alley
Refer to the figure above.The price of $4.00 per pound will lead to a(n)_____ of _____ pounds of oranges per day.
A)excess supply;20
B)excess demand;30
C)equilibrium quantity;20
D)excess demand;20

Question

Daily Supply and Demand: Oranges in Hurricane Alley 
Refer to the figure above.The price of $4.00 per pound will lead to a(n)_____ of _____ pounds of oranges per day.
A)excess supply;20 
B)excess demand;30 
C)equilibrium quantity;20 
D)excess demand;20

Quizplus · Accepted Answer

At $4.00,thirty pounds are demanded but only ten pounds are supplied.