Refer to Figure H. At what price would there be an excess demand of 200 units of the good? $20 $10 $15 $5

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Elasticity
Section: Chapter Questions
Problem 3WNG: The quantity demanded of good X rises from 130 to 145units as income rises from 2,000 to 2,500 a...
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Refer to Figure H. At what price would there be an excess demand of 200 units of the good?
$20
$10
$15
$5
Transcribed Image Text:Refer to Figure H. At what price would there be an excess demand of 200 units of the good? $20 $10 $15 $5
PRICE
50
45
40
35
30
25
20
15
10
5
Supply
Demand
...
100 200 300 400 500 600 700 800 900 1000
QUANTITY
I
Transcribed Image Text:PRICE 50 45 40 35 30 25 20 15 10 5 Supply Demand ... 100 200 300 400 500 600 700 800 900 1000 QUANTITY I
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