Your Graph Score: 100% ed 140 Price 130 120 110 100 90 80- 70 The Market S 60- 50 40- 30 20 D 10 0 0 60 120 180 240 300 360 420 Quantity b) At the price of $130, the market will experience excess supply in the amount of 300 units. c) At the price of $20, the market will experience excess demand in the amount of 60 units.
Your Graph Score: 100% ed 140 Price 130 120 110 100 90 80- 70 The Market S 60- 50 40- 30 20 D 10 0 0 60 120 180 240 300 360 420 Quantity b) At the price of $130, the market will experience excess supply in the amount of 300 units. c) At the price of $20, the market will experience excess demand in the amount of 60 units.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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