Multiple Choice
Use the figure below to answer the following questions.
Figure 3.2.1
-Which one of the following statements best characterizes point B in Figure 3.2.1?
A) At point B, the market is in equilibrium.
B) At a price of $0.50, there will be an apple shortage.
C) Producers would be unwilling to sell the 9,000th apple for less than $0.50.
D) The most that consumers would be willing to pay for the 9,000th apple is $0.50.
E) At a price of $0.50, consumers will be unwilling to buy any apples.
Correct Answer:

Verified
Correct Answer:
Verified
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