Demand and Supply schedules for Mangoes Price of fruit (Le) Supply (No of baskets) Demand...
AGRICULTURE
WAEC 2017
Price of fruit (Le) | Supply (No of baskets) | Demand (No of baskets) |
| 1,000.00 | 10 | 60 |
| 2,000.00 | 20 | 50 |
| 3,000.00 | 30 | 40 |
| 4,000.00 | 40 | 30 |
| 5,000.00 | 50 | 20 |
| 6,000.00 | 60 | 10 |
At Le 1,000.00, what will be the excess demand over supply of mangoes?
- A. 50 baskets
- B. 40 baskets
- C. 20 baskets
- D. 10 baskets
Correct Answer: A. 50 baskets
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