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Use the Figure Below to Answer the Following Questions

Question 158

Multiple Choice

Use the figure below to answer the following questions.
Use the figure below to answer the following questions. Figure 3.4.1 -At price P<sub>2 </sub>in Figure 3.4.1, which one of the following is not true? A) The quantity demanded is equal to the quantity supplied. B) There is no surplus. C) The quantity demanded is Q<sub>1</sub>. D) This market is in equilibrium. E) The quantity supplied is Q<sub>3</sub>. Figure 3.4.1
-At price P2 in Figure 3.4.1, which one of the following is not true?


A) The quantity demanded is equal to the quantity supplied.
B) There is no surplus.
C) The quantity demanded is Q1.
D) This market is in equilibrium.
E) The quantity supplied is Q3.

Correct Answer:

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