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Use the Figure Below to Answer the Following Questions

Question 22

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>1 </sub>in Figure 3.4.1, A) both sides of the market are able to carry out their desired transactions. B) producers are unwilling to sell any goods. C) producers can sell all they plan to sell. D) consumers can buy all they want. E) a surplus exists. Figure 3.4.1
-At price P1 in Figure 3.4.1,


A) both sides of the market are able to carry out their desired transactions.
B) producers are unwilling to sell any goods.
C) producers can sell all they plan to sell.
D) consumers can buy all they want.
E) a surplus exists.

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