Exhibit 3-3 -Refer to Exhibit 3-3. If the Price in This Market

Multiple Choice

Exhibit 3-3
-Refer to Exhibit 3-3. If the price in this market is $9,

A) equilibrium is achieved because producers are able to sell all that they make available in the market.
B) price will rise because consumers want to buy more than producers are willing to sell.
C) quantity supplied exceeds the quantity demanded.
D) price will fall because consumers will not buy as much as producers are willing to sell.
E) producers are unable to sell all that they are willing to sell.