Question

Supply-and-Demand Schedule for Portable Music Player
Price of Music Player Quantity Supplied of Music Players Quantity Demanded of Music Players
$50
0
500
$100
50
350
$150
200
200
$200
450
75
$250
600
0
In the supply-and-demand schedule shown above, at the prices of _____ and _____, there is excess supply because quantity supplied is greater than quantity demanded.

$50, $100
$200, $250
$50, $250

Answer 1

Answer:

The correct answer is : "In the supply-and-demand schedule shown above, at the prices of US$ 200 and US$ 250, there is excess supply because quantity supplied is greater than quantity demanded."

Step-by-step explanation:

1. Let's review what happens at the price of US$ 150: Both quantity demanded and quantity supplied matched. That's why is denominated equilibrium price.

2. Let's review what happens at the price of US$ 200: The quantity supplied, 450 units, is bigger than the quantity demanded, 75 units. At this price there is an excess of supply of 375 units.

3. Let's review what happens at the price of US$ 250: The quantity supplied, 600 units, is much more bigger than the quantity demanded, 0 units. At this price there is an excess of supply of 600 units.

The correct answer is : "In the supply-and-demand schedule shown above, at the prices of US$ 200 and US$ 250, there is excess supply because quantity supplied is greater than quantity demanded."

Answer 2

Answer:

its 200 200 hope you make me brainliest if i answered your question.