Concept:Excess supply occurs when the quantity supplied is greater than the quantity demanded at a given price.
Explanation:From the schedule, at the price of
$30, the quantity demanded is
20 units and the quantity supplied is
45 units.
Excess supply is calculated as:
45−20=25So, at
$30, there is an excess supply of
25 units more than the demand.
Therefore, the price that gives an excess supply of
25 units is
$30.
Answer:$30 (Option C)