Exhibit 3-9  Demand and Supply Curves in Exhibit 3-9, If

Multiple Choice

Exhibit 3-9  Demand and supply curves In Exhibit 3-9, if the market price is $20,

A) this market will be in equilibrium.
B) a shortage of 27 units will result.
C) the price is above the equilibrium price.
D) a surplus of 26 units will result.
E) a shortage of 26 units will result.