Refer to the accompanying figure. At a price of $3, there will be:
A. an excess supply of 2 units.
B. an excess supply of 7 units.
C. an excess demand of 7 units.
D. an excess demand of 5 units.
Answer: D
Economics
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Explain how consumer surplus, economic profit, and output change when a monopoly perfectly price discriminates
What will be an ideal response?
Economics