![At a given price there is excess demand for a good. Explain how the equilibrium price will be reached. Use diagram. At a given price there is excess demand for a good. Explain how the equilibrium price will be reached. Use diagram.](https://haygot.s3.amazonaws.com/questions/1097853_958812_ans_22e17f25215c4a939b61fc410631f508.png)
At a given price there is excess demand for a good. Explain how the equilibrium price will be reached. Use diagram.
![A price floor at $35 would result in a. excess supply of 400 b. excess demand of 400 c. excess demand of 600 d. excess supply of 600 e. None of the above | Homework.Study.com A price floor at $35 would result in a. excess supply of 400 b. excess demand of 400 c. excess demand of 600 d. excess supply of 600 e. None of the above | Homework.Study.com](https://homework.study.com/cimages/multimages/16/capture798070117128638618.jpg)
A price floor at $35 would result in a. excess supply of 400 b. excess demand of 400 c. excess demand of 600 d. excess supply of 600 e. None of the above | Homework.Study.com
![The free market: showing market equilibrium, excess supply, and excess... | Download Scientific Diagram The free market: showing market equilibrium, excess supply, and excess... | Download Scientific Diagram](https://www.researchgate.net/publication/344299824/figure/fig1/AS:937111620423693@1600436229459/The-free-market-showing-market-equilibrium-excess-supply-and-excess-demand.jpg)