$\text { Demand and Supply Schedules for Chocolate Bars }$

Multiple Choice

$\text { Demand and Supply Schedules for Chocolate Bars }$
$\begin{array}{|c|c|c|}\hline \begin{array}{c}\text { Price } \\(\$) \end{array} & \begin{array}{c}\text { Quantity Demanded } \\\text { (thousandsperweek) }\end{array} & \begin{array}{c}\text { Quantity Supplied } \\\text { (thousands per week) }\end{array} \\\hline 2.00 & 1500 & 2100 \\\hline 1.80 & 1600 & 2050 \\\hline 1.60 & 1700 & 2000 \\\hline 1.40 & 1800 & 1950 \\\hline 1.20 & 1900 & 1900 \\\hline 1.00 & 2000 & 1850 \\\hline 0.80 & 2100 & 1800 \\\hline 0.60 & 2200 & 1750 \\\hline 0.40 & 2300 & 1700 \\\hline\end{array}$
$\text { TABLE 5-1 }$
-Refer to Table 5- 1. Suppose the government imposed a price of $0.60 per chocolate bar. The result would be

A) excess supply of 1750 chocolate bars per week.
B) stockpiling of unsold chocolate bars.
C) excess supply of 450 chocolate bars per week.
D) excess demand of 2200 chocolate bars per week.
E) excess demand of 450 chocolate bars per week.