Figure 7-29 -Refer to Figure 7-29.Which of the Following Statements Is Correct

question 33

Multiple Choice

Figure 7-29
-Refer to Figure 7-29.Which of the following statements is correct?

• A)The market is in equilibrium at Q1.
• B)At Q2,the cost to sellers exceeds the value to buyers.
• C)At Q4,the value to buyers is less than the cost to sellers.
• D)At Q3,the market is producing too much output.