Multiple Choice
Figure 4-5
-If the suppliers of a good will sell any amount at $30 but there are no sales, then the market can best be represented by which graph in Figure 4-5?
A) 1
B) 2
C) 3
D) 4
Correct Answer:

Verified
Correct Answer:
Verified
Q41: Imagine that the state legislature raises the
Q47: The price for labor is the wage
Q48: Figure 4-21<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2282/.jpg" alt="Figure 4-21
Q49: The U.S.government restricts the production of peanuts
Q67: If demand increases, the equilibrium price and
Q93: The quantity of newspapers sold will decline
Q166: When people suddenly want to buy something,
Q241: At equilibrium, quantity demanded equals quantity supplied.
Q248: In some markets, demand can be approximated
Q270: Any factor that shifts the demand curve