Refer to Table 3.2. In this market there will be an excess supply of 500 cheeseburgers at a price of

A) $5.
B) $6.
C) $8.
D) $9.

Excess Supply

A situation where the quantity of a product or service provided by producers exceeds the quantity demanded by consumers.

Quantity Supplied

The amount of a good or service that producers are willing to sell at a specific price.

Quantity Demanded

Represents the total amount of a good or service that consumers are willing and able to purchase at a given price point, within a specific period.