Multiple Choice
The table below displays hypothetical demand and supply schedules for the market for overnight parcel deliveries in Canada. 
TABLE 3-4 Refer to Table 3-4.Suppose the price of overnight parcel delivery in Year 1 is $22.Which of the following statements is correct? In Year 1,
A) there is an excess demand of 15 million deliveries.
B) there is an excess demand of 30 million deliveries.
C) 115 million parcels will be delivered.
D) there is an excess supply of 15 million deliveries.
E) there is an excess supply of 30 million deliveries.
Correct Answer:
Verified
Correct Answer:
Verified
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