At a price of $15, consumers demand 100 shirts and producers supply 50 shirts. So at this price, there is an) -

excess demand

excess supply

Question

Mathematics

Bailey Dyer

14 February, 01:45

At a price of $15, consumers demand 100 shirts and producers supply 50 shirts. So at this price, there is an) -

excess demand

excess supply

+5

Answers (1)

Know the Answer?

Sebastian Thomas · Answer 1

Answer: excess demand

Step-by-step explanation: The customer is asking more than the company makes, so that isn't excess supple. Excess supple is when there is people not wanting enough and the producer is making too many.

At a price of $15, consumers demand 100 shirts and producers supply 50 shirts. So at this price, there is an) -excess demandexcess supply

At a price of $15, consumers demand 100 shirts and producers supply 50 shirts. So at this price, there is an) -

excess demand

excess supply