Figure 3.4.1 Use the Figure Below to Answer the Following Questions

question 51

Multiple Choice

Figure 3.4.1
Use the figure below to answer the following questions.

-At price P₁ in Figure 3.4.1

• A)there is a surplus in the amount of Q₄ - Q₂.
• B)there is a shortage in the amount of Q₄ - Q₂.
• C)there is a tendency for the price to fall.
• D)the equilibrium quantity is Q₂.
• E)the equilibrium quantity is Q₄.

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