Question

At Px=5, demand for the good –X is 30 units and supply of a
good is 20 units, it is a situation of:

a) Excess demand

b) Excess supply

c) Equilibrium

d) None of these​

Answer 1

Answer:

Excess demand

I hope it is clear

Answer 2

a) Excess Demand

.....

Hope it helps :)