Exhibit 3-3 -Refer to Exhibit 3-3. If the Price Is $27

Multiple Choice

Exhibit 3-3
-Refer to Exhibit 3-3. If the price is $27,

A) producers are willing to produce a maximum of 32 units.
B) there is an equilibrium.
C) there is a tendency for price to rise.
D) consumers are willing to buy as much as 25 units.
E) there is a shortage of 30 units.