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Price ($) Quantity demanded of radios Quantity supplied of radios 75 400 800 70 450 750 65 500 700 60 550 650 55 600 600
Price ($) | Quantity demanded of radios | Quantity supplied of radios |
75 | 400 | 800 |
70 | 450 | 750 |
65 | 500 | 700 |
60 | 550 | 650 |
55 | 600 | 600 |
50 | 650 | 550 |
45 | 700 | 500 |
40 | 750 | 450 |
In Exhibit 3.5, if there is a surplus of radios of 300 units, the current price of radios must be:
Select one:
a.$70.
b.$45.
c.$60.
d.$55.
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