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

t a price of $15, consumers demand 100 shirts and producers supply 50 shirts. So at this price, there is an excess demand.<br /><br />Explanation:<br />- Excess demand occurs when the quantity demanded by consumers is greater than the quantity supplied by producers at a given price.<br />- In this case, consumers demand 100 shirts, but producers only supply 50 shirts at the price of $15.<br />- This indicates that there is a shortage of shirts in the market, as the quantity demanded exceeds the quantity supplied.<br />- Therefore, the correct answer is excess demand.