Refer to the information provided in Figure 3.14 below to answer the question(s) that follow. 
Figure 3.14
-Refer to Figure 3.14. At a quantity demanded of 750, there is an excess
Definitions:
Correct Statement
A declaration or assertion that is true based on evidence or facts.
Simplify Answer
The process of providing the most reduced or straightforward form of a response, typically by consolidating terms or performing basic operations.
Square Root
A value that, when multiplied by itself, gives the original number, representing the inverse operation of squaring a number.
Simplify Expression
The process of rewriting an expression in a simpler or more compact form without changing its value.
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