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gslwong gslwong
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2 weeks ago
The table shows the quantity of video games that are demanded and supplied at various prices.
PriceQuantity DemandedQuantity Supplied
10220160
20200240
30180320
40160400
50140480
60120560
At what price is there a surplus of 440 video games?

▸ $50

▸ $20

▸ $60

▸ $30
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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mavrik8511mavrik8511
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2 weeks ago
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More solutions for this book are available here
$60

A surplus occurs when quantity supplied is greater than quantity demanded.

At $60, quantity demanded is 120 and quantity supplied is 560. Because 560 is greater than 120, there is a surplus of 560 - 120 = 440 video games.
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