Final answer:
At a price of $9, there will be an excess demand of 5 units.
The answer is option ⇒a
Step-by-step explanation:
When the quantity required surpasses the quantity supplied at a specific price, excess demand arises.
To determine the excess demand at a specific price, we need to compare the quantity demanded and the quantity supplied.There is excess demand when the quantity required exceeds the quantity supplied.
In this case, we do not have the exact quantities of demand and supply, but based on the given information, we can conclude that at a price of $9, The quantity given is five units less than the quantity demanded.
It's important to note that excess demand can occur due to various factors, such as high consumer demand or limited supply. It means that, at the current price, there is unmet demand in the market.
The answer is option ⇒a