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FIGURE 3-3 Refer to Figure 3-3

Question 34

Multiple Choice

FIGURE 3-3 Refer to Figure 3-3.At a price of P<sub>1</sub> there is excess ________ in the market for X and pressure for the price to ________. A) supply; fall B) supply; rise C) demand; fall D) demand; rise FIGURE 3-3 Refer to Figure 3-3.At a price of P1 there is excess ________ in the market for X and pressure for the price to ________.


A) supply; fall
B) supply; rise
C) demand; fall
D) demand; rise

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