-If column 1 represents the demand curve for a product and column 2 represents the supply curve,then at a price of $10,the market experiences ______________ equal to _________ units.
A) excess demand;40
B) excess demand;20
C) excess supply;0
D) excess supply;20
E) excess supply;60

Question

-If column 1 represents the demand curve for a product and column 2 represents the supply curve,then at a price of $10,the market experiences ______________ equal to _________ units.
A) excess demand;40 
B) excess demand;20 
C) excess supply;0 
D) excess supply;20 
E) excess supply;60

Quizplus · Accepted Answer

At a price of $10, the quantity supplied exceeds the quantity demanded by 20 units, resulting in excess supply.

-If Column 1 Represents the Demand Curve for a Product