Solved

Exhibit 3-8  Demand and Supply Data for Video Games

Question 89

Multiple Choice

Exhibit 3-8  Demand and Supply Data for Video Games

Price

Quantity Demanded

of Video Games

Quantity Supplied

of Video Games

$75

400

900

70

450

850

65

500

800

60

550

750

55

600

700

50

650

650

45

700

600

40

750

550


-In Exhibit 3-8, if there is a surplus of video games of 200 units, the current price of video games must be:


A) $60.
B) $50.
C) $45.
D) $40.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions