In the Figure Given Below, Which of the Following Is

question 37

Multiple Choice

In the figure given below, which of the following is true at the price ceiling, P?​ ​
Figure 4.8

• A)Excess quantity supplied equals 300 gallons.
• B)Excess quantity demanded equals 300 gallons.
• C)Excess quantity supplied equals 500 gallons.
• D)Excess quantity demanded equals 800 gallons.
• E)Quantity demanded will be equal to quantity supplied.

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