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Use the Figure Below to Answer the Following Questions

question 164

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Use the figure below to answer the following questions. Use the figure below to answer the following questions.   Figure 3.4.1 -At price P<sub>3</sub> in Figure 3.4.1, A) this market is in equilibrium. B) there is a shortage in the amount of Q<sub>5</sub> - Q<sub>1</sub>. C) there is a tendency for the price to rise. D) equilibrium quantity is Q<sub>5</sub>. E) there is a surplus in the amount of Q<sub>5</sub> - Q<sub>1</sub>. Figure 3.4.1
-At price P3 in Figure 3.4.1,


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