Refer to the information provided in Figure 3.17 below to answer the questions that follow. Figure 3.17
-Refer to Figure 3.17. At a price of $30, there is an excess

Question

Refer to the information provided in Figure 3.17 below to answer the questions that follow.  Figure 3.17
-Refer to Figure 3.17. At a price of $30, there is an excess

Quizplus · Accepted Answer

At a price of $30, the quantity demanded is 1,050 sunglasses and the quantity supplied is 600 sunglasses. Therefore, there is an excess demand of 1,050 - 600 = 450 sunglasses.

Refer to the Information Provided in Figure 3