-Which of the following statements about the market represented by Figure 3-9 is correct?
A) At a price of $50.00,there is an excess supply of 11 million units.
B) At a price of $50.00,there is an excess demand of 11 million units.
C) At a price of $50.00,there is an excess supply of 15 million units.
D) At a price of $50.00,there is an excess demand of 15 million units.
E) At a price of $50.00,there is an excess demand of 25 million units.

Question

-Which of the following statements about the market represented by Figure 3-9 is correct?
A) At a price of $50.00,there is an excess supply of 11 million units. 
B) At a price of $50.00,there is an excess demand of 11 million units. 
C) At a price of $50.00,there is an excess supply of 15 million units. 
D) At a price of $50.00,there is an excess demand of 15 million units. 
E) At a price of $50.00,there is an excess demand of 25 million units.

Quizplus · Accepted Answer

The Answer of 
-Which of the following statements about the market represented by Figure 3-9 is correct?
A) At a price of $50.00,there is an excess supply of 11 million units. 
B) At a price of $50.00,there is an excess demand of 11 million units. 
C) At a price of $50.00,there is an excess supply of 15 million units. 
D) At a price of $50.00,there is an excess demand of 15 million units. 
E) At a price of $50.00,there is an excess demand of 25 million units.

-Which of the Following Statements About the Market Represented by Figure