Use the figure below to answer the following questions.
Figure 3.4.1
-At price P1 in Figure 3.4.1
A) there is a surplus in the amount of Q4 - Q2.
B) there is a shortage in the amount of Q4 - Q2.
C) there is a tendency for the price to fall.
D) the equilibrium quantity is Q2.
E) the equilibrium quantity is Q4.
Correct Answer:
Verified
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