Narrbegin Exhibit 4.1 Supply and demand data
$$\begin{array} { | c | c | c | }
\hline \text { Price (\$) } & \begin{array} { c }
\text { Quantity } \
\text { demanded }
\end{array} & \begin{array} { c }
\text { Quantity } \
\text { supplied }
\end{array} \
\hline 10 & 500 & 50 \
\hline 15 & 450 & 150 \
\hline 20 & 400 & 250 \
\hline 25 & 300 & 300 \
\hline 30 & 150 & 350 \
\hline
\end{array}$$
-Exhibit 4.1 shows that at a price of $30:
A) the market is in equilibrium.
B) there will be excess quantity demanded.
C) there will be excess quantity supplied.
D) there is a price ceiling in effect.

Question

Narrbegin Exhibit 4.1 Supply and demand data
 $$\begin{array} { | c | c | c | } 
\hline \text { Price (\$) } & \begin{array} { c } 
\text { Quantity } \
\text { demanded }
\end{array} & \begin{array} { c } 
\text { Quantity } \
\text { supplied }
\end{array} \
\hline 10 & 500 & 50 \
\hline 15 & 450 & 150 \
\hline 20 & 400 & 250 \
\hline 25 & 300 & 300 \
\hline 30 & 150 & 350 \
\hline
\end{array}$$ 
-Exhibit 4.1 shows that at a price of $30:
A) the market is in equilibrium.
B) there will be excess quantity demanded.
C) there will be excess quantity supplied.
D) there is a price ceiling in effect.

Quizplus · Accepted Answer

At a price of $30, the quantity demanded is 150 units while the quantity supplied is 350 units, indicating an excess quantity supplied.

Narrbegin Exhibit 4 -Exhibit 4