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Refer to the Information Provided in Figure 3

Question 269

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Refer to the information provided in Figure 3.19 below to answer the question(s) that follow. Refer to the information provided in Figure 3.19 below to answer the question(s)  that follow.   Figure 3.19 -Refer to Figure 3.19. The market is initially in equilibrium at Point A. If supply shifts from S<sub>1</sub> to S<sub>2</sub> and the price of cheeseburgers remains constant at $5.00, there will be A)  an excess supply of 6 cheeseburgers. B)  an excess demand of 6 cheeseburgers. C)  an excess supply of 3 cheeseburgers. D)  an excess demand of 4 cheeseburgers. Figure 3.19
-Refer to Figure 3.19. The market is initially in equilibrium at Point A. If supply shifts from S1 to S2 and the price of cheeseburgers remains constant at $5.00, there will be


A) an excess supply of 6 cheeseburgers.
B) an excess demand of 6 cheeseburgers.
C) an excess supply of 3 cheeseburgers.
D) an excess demand of 4 cheeseburgers.

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