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Refer to the Accompanying Figure

Question 134

Multiple Choice

Refer to the accompanying figure. At a price of $3, there will be: Refer to the accompanying figure. At a price of $3, there will be: A) an excess demand of 5 units. B) an excess demand of 7 units. C) an excess supply of 7 units. D) an excess supply of 2 units.


A) an excess demand of 5 units.
B) an excess demand of 7 units.
C) an excess supply of 7 units.
D) an excess supply of 2 units.

Correct Answer:

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