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

Hi there! The answer is A. Excess demand (demand is greater than supply)

At a price of $50, consumers demand 1,000 pair of shoes, and sellers supply 500 pairs of shoes.

In short: price $50
supply 500
demand 1,000

1,000 > 500 and therefore the demand is greater than the supply. In economics this is called excess demand. The answer is A.

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