Refer to the information provided in Table 3.2 below to answer the question(s) that follow.Table 3.2Price per CheeseburgerQuantity Demanded (Cheeseburgers per Month)Quantity Supplied (Cheeseburgers per Month)$51,500  500  61,200  700  7   900  900  8  6001,100  9  3001,300Refer to Table 3.2. If the price per cheeseburger is $9, there is a(n)

A. excess demand of 300 units.
B. excess demand of 500 units.
C. market equilibrium.
D. excess supply of 1,000 units.


Answer: D

Economics

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