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
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