When We Say That a Price in a Competitive Market

Multiple Choice

When we say that a price in a competitive market is "too high to clear the market" we usually mean that (given upward-sloping supply curves) :

A) no producer can cover his costs of production at that price.
B) the quantity supplied exceeds the quantity demanded at that price.
C) producers are leaving the industry.
D) consumers are willing to buy all the units produced at that price.
E) quantity demanded exceeds quantity supplied at that price.