At $P_{X}$ = Rs. 5, demand for Good-X is $30$ units and supply of Good-X is $20$ units, it is a situation of:

excess demand.

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excess supply.

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equilibrium.

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none of the above

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Solution

The correct option is A excess demand.
Excess demand is a situation where the demand for a product is more than the supply for the product. In the given question, demand for good X is 30 units and supply for good X is 20 units. Hence, the excess demand is 10 units.

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At PX = Rs. 5, demand for Good-X is 30 units and supply of Good-X is 20 units, it is a situation of:

The correct option is A excess demand.Excess demand is a situation where the demand for a product is more than the supply for the product. In the given question, demand for good X is 30 units and supply for good X is 20 units. Hence, the excess demand is 10 units.

At $P_{X}$ = Rs. 5, demand for Good-X is $30$ units and supply of Good-X is $20$ units, it is a situation of:

The correct option is A excess demand.
Excess demand is a situation where the demand for a product is more than the supply for the product. In the given question, demand for good X is 30 units and supply for good X is 20 units. Hence, the excess demand is 10 units.