Answer:
No excess supply or demand
Explanation:
As we can see that at the price of $65. the consumer demand is equal to the sellers supply. Hence, there will be no excess supply or demand.
If the consumers demand becomes more than 650 pairs of shoes at a price of $65, then we will say that there is excess demand.
If the sellers supply becomes more than 650 pairs of shoes at a price of $65 and lesser demand, the we will say that there is an excess supply of the pair of shoes.
