Use the Figure Below to Answer the Following Questions

question 93

Multiple Choice

Use the figure below to answer the following questions. Figure 3.4.2
-At a price of $4 a unit in Figure 3.4.2,

• A)the equilibrium quantity is 400 units.
• B)there is a surplus of 200 units.
• C)the quantity supplied is 400 units.
• D)there is a shortage of 200 units.
• E)the quantity demanded is 200 units.

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