SOLUTION: Suppose in the market for banana. When the price is $5, the quantity demanded for banana is 5, and the quantity supplied is 19. What's the amount of surplus in the market?

Algebra ->  Finance -> SOLUTION: Suppose in the market for banana. When the price is $5, the quantity demanded for banana is 5, and the quantity supplied is 19. What's the amount of surplus in the market?       Log On


   

Question 1196381: Suppose in the market for banana. When the price is $5, the quantity demanded for banana is 5, and the quantity supplied is 19. What's the amount of surplus in the market?

Answer by math_tutor2020(3817) About Me  (Show Source):
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Answer: 14 bananas

Reason:
Surplus = (quantity supplied) - (quantity demanded)
Surplus = (19) - (5)
Surplus = 14
A positive surplus means there are 14 extra bananas that aren't purchased.
A negative surplus would mean there's a shortage.