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Exhibit 3-8 Demand and Supply Data for Radios

Question 104

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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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