Refer to Table 3.2. In this market there will be an excess supply of 1,000 cheeseburgers at a price of

A) $5.
B) $6.
C) $7.
D) $9.

Question

Refer to Table 3.2. In this market there will be an excess supply of 1,000 cheeseburgers at a price ofA)  $5.B)  $6.C)  $7.D)  $9.

Sushant Magar · Accepted Answer

Final Answer : D, Explanation :  At a price of $9, the quantity supplied is 1,300 cheeseburgers, and the quantity demanded is 300 cheeseburgers, resulting in an excess supply of 1,000 cheeseburgers.

Refer to Table 3.2. In this market there will be an excess supply of 1,000 cheeseburgers at a price of

A) $5.
B) $6.
C) $7.
D) $9.

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Learning Objectives

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