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Exhibit 3-8  Demand and Supply Data for Radios Exhibit 3-8

Question 226

Multiple Choice

Exhibit 3-8  Demand and supply data for radios Exhibit 3-8  Demand and supply data for radios Exhibit 3-8 presents supply and demand data for the radio market. If the price of radios was currently $70, there would be an ____ of ____ radios in this market. A) Excess demand; 450 B) Excess demand; 500 C) Excess supply; 400 D) Excess supply; 850 E) Excess demand; 400 Exhibit 3-8 presents supply and demand data for the radio market. If the price of radios was currently $70, there would be an ____ of ____ radios in this market.


A) Excess demand; 450
B) Excess demand; 500
C) Excess supply; 400
D) Excess supply; 850
E) Excess demand; 400

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