Multiple Choice
Use the following diagram to answer the following questions.
-Refer to Unit. If the price of housing is currently $80,000 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:
Verified
Correct Answer:
Verified
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