Market Equilibrium

-Assume that column A and column C are the initial demand and supply curves.At a price of $50,the market would experience
A) an equilibrium.
B) excess demand of 25 units.
C) excess supply of 55 units.
D) excess demand of 80 units.
E) excess supply of 25 units.

Question

Market Equilibrium
 
-Assume that column A and column C are the initial demand and supply curves.At a price of $50,the market would experience
A) an equilibrium. 
B) excess demand of 25 units. 
C) excess supply of 55 units. 
D) excess demand of 80 units. 
E) excess supply of 25 units.

Quizplus · Accepted Answer

The Answer of Market Equilibrium
 
-Assume that column A and column C are the initial demand and supply curves.At a price of $50,the market would experience
A) an equilibrium. 
B) excess demand of 25 units. 
C) excess supply of 55 units. 
D) excess demand of 80 units. 
E) excess supply of 25 units.

Market Equilibrium -Assume That Column a and Column C Are the Initial