The Graph Shown Depicts the Market for a Good

question 110

Multiple Choice

The graph shown depicts the market for a good. What state is this market in if the price of the good is $5?

• A)There is a shortage (excess demand), signaling that sellers should leave the market.
• B)There is a shortage (excess demand), signaling that buyers should bid up the price.
• C)There is a surplus (excess supply), signaling that sellers should drop their price.
• D)There is a surplus (excess supply), signaling that buyers should bid up the price.

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