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.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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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.
Transcribed Image Text: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.
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