Refer to the demand and supply schedule shown in the table below. Price () Quantity Demanded (slices) Quantity Supplied (slices)
0.00 350 0
0.50 300 100
1.00 250 150
1.50 200 200
2.00 150 250
2.50 100 300
3.00 50 350
3.50 0 400

a. If pizza parlors charge 3.50 per slice, there will be an excess as ________.
1) Supply of 200 units
2) Demand of 400 units
3) Demand of 200 units
4) Supply of 400 units