Supply-and-Demand Schedule for Cell Phones Quantity Supplied Quantity Demanded
Price of Cell Phones
of Cell Phones of Cell Phones
$25
0
500
$50
200
450
$100
300
300
$150
400
250
$200
500
0
and
there is excess demand because
In the supply-and-demand schedule shown above, at the prices of
quantity demanded is greater than quantity supplied.
$25, $50
$25, $200
O $150, $200