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Figure 3.6 -Refer to Figure 3.6.The Figure Above Represents the Market for the Market

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Figure 3.6 Figure 3.6   -Refer to Figure 3.6.The figure above represents the market for canvas tote bags.Compare the conditions in the market when the price is $50 and when the price is $35.Which of the following describes how the market differs at these prices? A) At each price there is a surplus; the surplus is greater at $35 than at $50. B) The difference between quantity supplied and quantity demanded is greater at $50 than at $35. C) At each price there is a surplus; firms will lower the equilibrium price in order to eliminate the surplus. D) At each price the supply of tote bags exceeds the demand for tote bags.
-Refer to Figure 3.6.The figure above represents the market for canvas tote bags.Compare the conditions in the market when the price is $50 and when the price is $35.Which of the following describes how the market differs at these prices?


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