excess demand

At a price of $65, consumers demand 650 pairs of shoes, and sellers supply 650 pairs of shoes. The price of $65 (where quantity supplied and quantity demanded both equal 650 pairs of shoes) is the _____. excess price equilibrium price quantity price

equilibrium price

At a price of $50, consumers demand 1,000 pair of shoes, and sellers supply 500 pairs of shoes. At $50, there is _____. excess demand (demand is greater than supply) excess supply (supply is greater than demand) no excess supply or demand

excess demand (demand is greater than supply)

At a price of $100, consumers demand 450 pairs of shoes, and sellers supply 800 pairs of shoes. At $100, there is _____. excess demand (demand is greater than supply) excess supply (supply is greater than demand) no excess supply or demand

excess supply (supply is greater than demand)

excess demand

more demand than needed

excess supply

more supply than needed

At a price of $65, consumers demand 650 pairs of shoes, and sellers supply 650 pairs of shoes. At $65, there is _____. excess demand (demand is greater than supply) excess supply (supply is greater than demand) no excess supply or demand

no excess supply or demand

equilibrium price

price at which quantity supplied meets quantity demanded

equilibrium point

the point at which the supply and demand curves intersect