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Use the Following Diagram to Answer the Following Questions

Question 4

Multiple Choice

Use the following diagram to answer the following questions.
Use the following diagram to answer the following questions. -Refer to Unit. If the price of housing is currently $90,000 per unit, there will be: A) an excess demand of 20,000 units. B) an excess demand of 10,000 units. C) an excess supply of 20,000 units. D) an excess supply of 30,000 units.
-Refer to Unit. If the price of housing is currently $90,000 per unit, there will be:


A) an excess demand of 20,000 units.
B) an excess demand of 10,000 units.
C) an excess supply of 20,000 units.
D) an excess supply of 30,000 units.

Correct Answer:

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