The Table Given Below Reports the Quantity of Bread Loaves

question 3

Multiple Choice

The table given below reports the quantity of bread loaves demanded and supplied at different per unit prices.
Table 3.3

-Refer to Table 3.3.Which of the following would occur in the market for bread if the market price exceeded the equilibrium price by $1?

• A)The quantity of bread demanded in the market would increase
• B)The bread market would face a surplus of 36 loaves of bread
• C)The supply of bread in the market would increase
• D)The bread market would face a shortage of 72 loaves of bread
• E)The demand for bread in the market would decrease

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