C$.$ Surplus $($excess demand$)$ of $500$ SUV's per month; downward

D$.$ Surplus $($excess supply$)$ of $500$ SUV's per month; downward

How much was supplied?

Suppose that the price of an SUV was $$40,000.$

In this case, there would be

which would exert

pressure on prices.

A$.$ Shortage $($excess demand$)$ of $100$ SUV's per month; upward

B$.$ Shortage $($excess demand$)$ of $300$ SUV's per month; upward

C$.$ Surplus $($excess demand$)$ of $500$ SUV's per month; downward

D$.$ Surplus $($excess supply$)$ of $600$ SUV's per month; downward

How much was the demand?

Scenario $5$

Suppose that the price of an SUV was $$20,000.$

In this case, there would be

which would exert

pressure on prices.

A$.$ Shortage $($excess demand$)$ of $100$ SUV's per month; upward

B$.$ Shortage $($excess demand$)$ of $200$ SUV's per month; upward

C$.$ Surplus $($excess demand$)$ of $500$ SUV's per month; downward

D$.$ Surplus $($excess supply$)$ of $600$ SUV's per month; downward

How much was supplied?

The diagram to the right shows the supply and demand

curves for oil. Assume that everything is equal, what

price will equilibrate the market price for oil?

$

per barrel

The result in equilibration is the Quantity supplied

and the Surplus is equal to