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At a price of $100, consumers demand 25 pairs of jeans, and producers supply 150 pairs of jeans. So at this price, there is a(n) _____. shortage excess demand excess supply
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At a price of $100, consumers demand 25 pairs of jeans, and producers supply 150 pairs of jeans. So at this price, there is a(n) _____.

shortage
excess demand
excess supply

User Dnim
by
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2 Answers

4 votes
"excess supply" say's my answer needs to be 20 characters so this is filler
User Ukasha
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8.0k points
5 votes
There is an excess supply...
User James Crinkley
by
9.3k points
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