Multiple Choice
Figure 6-4
-Refer to Figure 6-4.Which of the following statements is not correct?
A) When the price is $10,quantity supplied equals quantity demanded.
B) When the price is $6,there is a surplus of 8 units.
C) When the price is $12,there is a surplus of 4 units.
D) When the price is $16,quantity supplied exceeds quantity demanded by 12 units.
Correct Answer:

Verified
Correct Answer:
Verified
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