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II. If the price level in this economy is 150. will quantity demanded equal. exceed. or fall short of quantity supplied? By what amount? If

II. If the price level in this economy is 150. will quantity demanded equal. exceed. or fall short of quantity supplied? By what amount? If the price level is 250. will quantity.r demanded equal. exceed, or fall short of quantity supplied? By what amount? Amount of Amount of Real GDP Price Level Real GDP Demanded, (Price Supplied, Billions Index) Billions $100 300 $450 200 250 400 300 200 300 400 150 200 500 100 100

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