The Table Given Below Reports the Quantity Demanded and Supplied

question 3

Multiple Choice

The table given below reports the quantity demanded and supplied of a commodity in a market at different price levels.Table 3.4

-Refer to Table 3.4. In the market represented by this table, at equilibrium:

• A)the market price is $5 per unit.
• B)there is a surplus of 900 units.
• C)there is a shortage of 900 units.
• D)900 units are traded at a price of $3 per unit.
• E)the market price is $1 per unit and the quantity traded is 500 units.