Question

In the supply-and-demand schedule shown above, at the prices of _____ and ______, there is excess demand because quantity demanded is greater than quantity supplied.

A) $25, $50
B) $25, $200
C) $150, $200

Answer 1

C. Bc there is less amount of the object supplied and more demand for it so only the highest/most rich people can pay for it

Answer 2

C) $150, $200

Step-by-step explanation:

To recognize market stability, we have to start with the fundamentals of demand and supply. The law of demand says that as price drops, users demand a larger number. Likewise, the law of supply states that when price reduces, generators provide a lower number.

The charts for order and stocks curves both possess a price on the perpendicular axis and size on the straight axis, the demand curve and supply curve for a distinct welfare or service can oblige on the corresponding chart. Collectively, demand and supply conclude the price and the quantity that will be acquired and traded in a market.