If the Price of Carrots Is Below the Equilibrium Price,the

question 148

Multiple Choice

If the price of carrots is below the equilibrium price,the

• A) quantity demanded of carrots exceeds the quantity supplied and a surplus exists.
• B) quantity supplied of carrots exceeds the quantity demanded and a surplus exists.
• C) quantity demanded of carrots exceeds the quantity supplied and a shortage exists.
• D) quantity supplied of carrots exceeds the quantity demanded and a shortage exists.
• E) quantity supplied of carrots equals the quantity demanded.