-Using the above figure, at which price is there neither excess quantity demanded nor excess quantity supplied?
A) P1
B) P2
C) P3
D) none of these

Name: -Using the above figure, at which price is there neither excess quantity demanded nor excess quantity supplied? A) P1 B) P2 C) P3 D) none of these
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Question

-Using the above figure, at which price is there neither excess quantity demanded nor excess quantity supplied?
A) P1 
B) P2 
C) P3 
D) none of these

Quizplus · Accepted Answer

At price P2, the quantity demanded equals the quantity supplied, indicating market equilibrium with no excess demand or supply.

-Using the Above Figure, at Which Price Is There Neither