Exhibit 3-1 -Consider the Market Represented by the Schedule in Exhibit 3-1

Multiple Choice

Exhibit 3-1
-Consider the market represented by the schedule in Exhibit 3-1. At a price of $2 per unit,

A) the quantity purchased is 1,000 units.
B) there will be a tendency for the price to decrease.
C) there is a surplus of 300 units.
D) the quantity sold is 350 units.
E) the quantity purchased equals the quantity sold.