Narrbegin Exhibit 3.5 Demand and supply data for radios
$$\begin{array} { | c | c | c | }
\hline \text { Price (\$) } & \begin{array} { c }
\text { Quantity demanded } \
\text { of radios }
\end{array} & \begin{array} { c }
\text { Quantity supplied } \
\text { of radios }
\end{array} \
\hline 75 & 400 & 800 \
\hline 70 & 450 & 750 \
\hline 65 & 500 & 700 \
\hline 60 & 550 & 650 \
\hline 55 & 600 & 600 \
\hline 50 & 650 & 550 \
\hline 45& 700 & 500 \
\hline 40 & 750 & 450 \
\hline
\end{array}$$
-In Exhibit 3.5, if there is a surplus of radios of 300 units, the current price of radios must be:

Question

Narrbegin Exhibit 3.5 Demand and supply data for radios
 $$\begin{array} { | c | c | c | } 
\hline \text { Price (\$) } & \begin{array} { c } 
\text { Quantity demanded } \
\text { of radios }
\end{array} & \begin{array} { c } 
\text { Quantity supplied } \
\text { of radios }
\end{array} \
\hline 75 & 400 & 800 \
\hline 70 & 450 & 750 \
\hline 65 & 500 & 700 \
\hline 60 & 550 & 650 \
\hline 55 & 600 & 600 \
\hline 50 & 650 & 550 \
\hline 45& 700 & 500 \
\hline 40 & 750 & 450 \
\hline
\end{array}$$ 
-In Exhibit 3.5, if there is a surplus of radios of 300 units, the current price of radios must be:

Quizplus · Accepted Answer

At a price of $70, the quantity demanded is 450 radios, and the quantity supplied is 750 radios, resulting in a surplus of 300 units (750 - 450 = 300).

Narrbegin Exhibit 3 -In Exhibit 3