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

Question 169

Multiple Choice

Exhibit 3-8  Demand and supply data for radios Exhibit 3-8  Demand and supply data for radios In Exhibit 3-8, if the price of radios was currently $45, there would be an ____ of ____ radios in this market. A) Excess demand; 700 B) Excess demand; 500 C) Excess supply; 100 D) Excess supply; 600 E) Excess demand; 100 In Exhibit 3-8, if the price of radios was currently $45, there would be an ____ of ____ radios in this market.


A) Excess demand; 700
B) Excess demand; 500
C) Excess supply; 100
D) Excess supply; 600
E) Excess demand; 100

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