Multiple Choice
Table 4-5
-Refer to Table 4-5. If the four suppliers listed are the only suppliers in this market and the market quantity demanded is 600 cases when the price is $4.00, which of the following statements is correct?
A) The market is in equilibrium at a price of $4.00.
B) There is a shortage of 200 cases at a price of $4.00.
C) There is a surplus of 200 cases at a price of $4.00.
D) There is a shortage of 230 cases at a price of $4.00.
Correct Answer:

Verified
Correct Answer:
Verified
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