The Following Question Are Based on the Following Diagram

question 28

Multiple Choice

The following question are based on the following diagram:

-For a market to exhibit excess demand

• A) supply must exceed demand.
• B) the equilibrium price must be too high to clear the market.
• C) the actual price must be below the equilibrium price.
• D) the demand curve must slope upward.
• E) the market must be growing.