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:

Verified
Correct Answer:
Verified
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