Refer to Table 3.2. If the price per cheeseburger is $5, there is an excess

A) demand of 300 cheeseburgers.
B) supply of 500 cheeseburgers.
C) demand of 1,000 cheeseburgers.
D) supply of 2,000 cheeseburgers.

Excess Demand

A market condition in which the quantity demanded of a good or service exceeds the quantity supplied at a given price, leading to upward pressure on price.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price level, at a specific time.