kingteron5711 kingteron5711

14-03-2018
History

contestada

If for a certain market, the quantity demanded is 200 units and the quantity supplied is 250 units, then there is _____.

equilibrium in this market

excess demand in this market

a price ceiling in this market

excess supply in this market

Respuesta :

karenju21 karenju21

15-02-2019

The correct answer is excess supply in this market. The market supplies more quantities of units than the market demands. In order to have an equilibrium market the quantity demanded is 200 units and the quantity supplied should be 200 units.

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