Question

Suppose you produce T-shirts, and the equilibrium price for a T-shirt is $5. You haven't really done much research, so you decide to charge a price of $3 per shirt. At this price, there will be an _____ of T-shirts.
A) equilibrium
B) excess supply
C) excess demand

Answer 1

B) Excess Supply :)                                   

Answer 2

The correct answer is excess supply.