Narrbegin Exhibit 3 -In Exhibit 3

Narrbegin Exhibit 3.5 Demand and supply data for radios
$$\begin{array} { | c | c | c | } \hline \text { Price (\$) } & \begin{array} { c } \text { Quantity demanded } \\\text { of radios }\end{array} & \begin{array} { c } \text { Quantity supplied } \\\text { of radios }\end{array} \\\hline 75 & 400 & 800 \\\hline 70 & 450 & 750 \\\hline 65 & 500 & 700 \\\hline 60 & 550 & 650 \\\hline 55 & 600 & 600 \\\hline 50 & 650 & 550 \\\hline 45& 700 & 500 \\\hline 40 & 750 & 450 \\\hline\end{array}$$
-In Exhibit 3.5, if there is a surplus of radios of 300 units, the current price of radios must be:

A) $60.
B) $55.
C) $70.
D) $45.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free