Question 1 of 20 > Attempt 1 Suppose the accompanying graph depicts a market for one pound bags of candy. Place the line labeled Excess Demand at a price that would generate an excess demand (shortage). Then, determine the size of the excess demand. Market for Candy Excess Demand 8 million bags 10 Excess Demand Incorrect 9 8 S 7 Price per bag 5
9 8 S 7 6 Price per bag 5 4 3 2 D 1 0 0 1 2. 7 7 8 9 10 3 4 5 6 Quantity (millions of bags)