Exhibit 3-3 -Refer to Exhibit 3-3. If the Price in This Market

question 148

Multiple Choice

Exhibit 3-3
-Refer to Exhibit 3-3. If the price in this market is $9,

• A)equilibrium is achieved because producers are able to sell all that they make available in the market.
• B)price will rise because consumers want to buy more than producers are willing to sell.
• C)quantity supplied exceeds the quantity demanded.
• D)price will fall because consumers will not buy as much as producers are willing to sell.
• E)producers are unable to sell all that they are willing to sell.

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