At a price of 15 consumers demand 100 shirts and producers supply 50 shirts. So at this price, there is a(n) __ excess demand surplus excess supply

Name: At a Price of 15 Consumers Demand 100 Shirts and Producers Supply 50 Shirts. So at This Price, There Is A(n) __ Excess Demand Surplus
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Question

At a price of 15 consumers demand 100 shirts and producers supply 50 shirts. So at this price, there is a(n) __ excess demand surplus excess supply

Answer 1

t a price of

15.- This indicates that there is a shortage of shirts in the market, as the quantity demanded exceeds the quantity supplied.- Therefore, the correct answer is excess demand.

Question

At a price of 15 consumers demand 100 shirts and producers supply 50 shirts. So at this price, there is a(n) __ excess demand surplus excess supply

Solution

Resposta