Figure 2.2.1 -Refer to Figure 2.2.1 Above. at a Price of $1.50

Multiple Choice

Figure 2.2.1
-Refer to Figure 2.2.1 above. At a price of $1.50, there is:

A) an excess of quantity demanded over quantity supplied.
B) an excess of quantity supplied over quantity demanded.
C) an alternative equilibrium between supply and demand.
D) a surplus of coffee in the market.