Exhibit 4-9 The diagram below represents the market for butter. 
Refer to Exhibit 4-9.At a market price of $4,there exists a:
A) shortage equal to 4,000 pounds of butter.
B) surplus equal to 4,000 pounds of butter.
C) shortage equal to 7,000 pounds of butter.
D) surplus equal to 7,000 pounds of butter.
Correct Answer:
Verified
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