Supply & Demand Schedule for Portable Music Player
Price of Music Player|Quantity Supplied of Music Players|Quantity Demand of Player
$50................................................ 0................................................. 500
$100.............................................. 50............................................... 350
$150............................................. 200............................................. 200
$200........................................... 450.............................................. 75
$250........................................... 600............................................... 0
QUESTION: In the supply-and-demand schedule shown above, at the prices of _____ and _____, there is excess supply because quantity supplied is greater than quantity demanded.
OPTIONS:
A) $50, $100
B) $200, $250
C) $50, $250