Suppose the demand and supply curves are given by:

q_D = 1,500 + p

q_S = 500 + 2p

At price = 800, there will be

Excess demand

The correct answer is Option 2: Excess demand

At equilibrium, market supply = market demand. Equating them, we get

1500+p = 500+ 2p

1500-500 = 2p - p

1000 = p

At prices less than equilibrium price, there is excess demand.

Alternatively, we can put p = 800 in equations of demand and supply to find out which value is greater.