-If column 1 represents the demand curve for a product and column 2 represents the supply curve,then at a price of $7.50,the market experiences ________________.
A) a shortage.
B) excess supply.
C) a surplus.
D) excess demand.
E) an equilibrium.

Question

-If column 1 represents the demand curve for a product and column 2 represents the supply curve,then at a price of $7.50,the market experiences ________________.
A) a shortage. 
B) excess supply. 
C) a surplus. 
D) excess demand. 
E) an equilibrium.

Quizplus · Accepted Answer

The Answer of 
-If column 1 represents the demand curve for a product and column 2 represents the supply curve,then at a price of $7.50,the market experiences ________________.
A) a shortage. 
B) excess supply. 
C) a surplus. 
D) excess demand. 
E) an equilibrium.

-If Column 1 Represents the Demand Curve for a Product