Use the Following Diagram to Answer the Following Questions

question 40

Multiple Choice

Use the following diagram to answer the following questions.

-Refer to Diagram 4-1. When price is P₃ there is:

• A) an excess demand of Q₃ - Q₂.
• B) an excess demand of Q₃ - Q₁.
• C) an excess supply of Q₂ - Q₁.
• D) an excess supply of Q₃ - Q₁.

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Definitions:

Pectoralis Major

A significant muscle located in the upper part of the chest that helps with shoulder and arm movements.

Deltoid

A sizable, three-sided muscle enveloping the shoulder joint tasked with raising the arm and providing the shoulder with its mobility.

Biceps Brachii

A large muscle of the upper arm responsible for flexing the elbow and rotating the forearm, well known for its two heads or points of origin.

Serratus Anterior

A muscle located on the side of the chest that assists in the upward movement of the arm and in breathing.