The Following Question Are Based on the Following Graph Illustrating

question 7

Multiple Choice

The following question are based on the following graph illustrating the market for scallops:

-If the actual price for scallops is $7 per pound,there would be an excess demand of ________ pounds.

• A) zero
• B) 250,000
• C) 750,000
• D) 1,000,000
• E) 1,250,000

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