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Refer to the Accompanying Figure

Question 161

Multiple Choice

Refer to the accompanying figure. If the current market price were $20: Refer to the accompanying figure. If the current market price were $20: A) the market would be in equilibrium. B) there would be an excess supply of 25 units. C) there would be an excess demand of 25 units. D) there would be an excess demand of 35 units.


A) the market would be in equilibrium.
B) there would be an excess supply of 25 units.
C) there would be an excess demand of 25 units.
D) there would be an excess demand of 35 units.

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