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​Exhibit 3-8 Demand and Supply Data for Video Games

Question 293

Multiple Choice

​Exhibit 3-8 Demand and supply data for Video games
 Price  Quantity Demanded  of Video games  Quantity Supplied  of Video games $7540090070450850655008006055075055600700506506504570060040750550\begin{array} { | c | c | c | } \hline \text { Price } & \begin{array} { c } \text { Quantity Demanded } \\\text { of Video games }\end{array} & \begin{array} { c } \text { Quantity Supplied } \\\text { of Video games }\end{array} \\\hline \$ 75 & 400 & 900 \\70 & 450 & 850 \\65 & 500 & 800 \\60 & 550 & 750 \\55 & 600 & 700 \\50 & 650 & 650 \\45 & 700 & 600 \\40 & 750 & 550 \\\hline\end{array}
-?In Exhibit 3-8, at any market price of video games below $50, a (an) ____________ would result, causing price to _________.


A) ?excess demand; rise
B) ?excess supply; rise
C) ?excess demand; fall
D) excess supply; fall
E) ?surplus; rise

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