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-If Column 1 Represents the Demand Curve for a Product

Question 85

Multiple Choice

-If column 1 represents the demand curve for a product and column 2 represents the supply curve,then at a price of $7.50,the market experiences ________________. A) a shortage. B) excess supply. C) a surplus. D) excess demand. E) an equilibrium.
-If column 1 represents the demand curve for a product and column 2 represents the supply curve,then at a price of $7.50,the market experiences ________________.


A) a shortage.
B) excess supply.
C) a surplus.
D) excess demand.
E) an equilibrium.

Correct Answer:

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