Refer to the information provided in Figure 3.18 below to answer the question(s) that follow.
Figure 3.18Refer to Figure 3.18. The market is initially in equilibrium at Point A. If demand shifts from D1 to D2 and the price of burritos remains constant at $3.00, there will be
A. an excess supply of 150 million pounds of burritos.
B. an excess demand of 100 million pounds of burritos.
C. an excess supply of 50 million pounds of burritos.
D. an excess demand of 150 million pounds of burritos.
Answer: D
Economics
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