-Refer to the above table. At a price of $450, there is an
A) equilibrium.
B) excess quantity supplied of 4,000 tablets.
C) excess quantity demanded of 6,000 tablets.
D) excess quantity demanded of 9,000 tablets.

Question

-Refer to the above table. At a price of $450, there is an
A) equilibrium. 
B) excess quantity supplied of 4,000 tablets. 
C) excess quantity demanded of 6,000 tablets. 
D) excess quantity demanded of 9,000 tablets.

Quizplus · Accepted Answer

At a price of $450, the quantity demanded exceeds the quantity supplied by 6,000 tablets, leading to an excess quantity demanded.

-Refer to the Above Table