Use the Following to Answer Questions

question 193

Multiple Choice

Use the following to answer questions:
Figure: Market Equilibrium
-(Figure: Market Equilibrium) Refer to the figure. At a price of $1, the market is characterized by a(n) :

• A) excess supply of 2 units.
• B) excess demand of 4 units.
• C) surplus of 4 units.
• D) shortage of 6 units.

---

Definitions:

Movie Theaters

Venues specifically designed for the exhibition of films to the public, often featuring multiple screens and modern sound systems.

Army-McCarthy Hearings

Televised U.S. Senate hearings in 1954 on Senator Joseph McCarthy’s charges of disloyalty in the army; his tactics contributed to his censure by the Senate.

American Television

The broadcast and cable television industry in the United States, known for its extensive reach, programming variety, and cultural influence both domestically and internationally.