Supply-and-Demand Schedule for Portable Music Player Price of Music Player Quantity Supplied of Music Players Quantity Demanded of Music Players
$50
o
500
$100
50
350
$150
200
200
$200
450
75
$250
600
0
and
In the supply-and-demand schedule shown above, at the prices of
quantity demanded is greater than quantity supplied.
$50, $100
there is excess demand because
$200, $250
$50, $250