Question

Price of Video Game Quantity Supplied

of Video Games Quantity Demanded
of Video Games
$50
0
500
$75
50
325
$100
200
200
$150
250
100
$200
400
0
In the supply-and-demand schedule shown above, at prices of _____ and _____, there is excess supply because quantity supplied is greater than quantity demanded.

$50, $75
$50, $200
$150, $200

Answer 1

the correct answer is 150,200

Answer 2

Answer is: In the supply-and-demand schedule shown above, at prices of $150 and $200, there is excess supply because quantity supplied is greater than quantity demanded.
For $150 there is 250 - 100 = 150 excess supply of video games.
For $200 there is 400 - 0 = 400 excess supply of video games.