Exhibit 3-2
-In the market represented in Exhibit 3-2, if price is $.50,
A)producers are not able to sell all they are willing to sell.
B)a surplus of 30 units results.
C)producers are willing to produce more than is being purchased.
D)consumers are willing to buy more than is being produced.
E)consumers are willing to buy the same amount as that being produced.

Question

Exhibit 3-2 
-In the market represented in Exhibit 3-2, if price is $.50,
A)producers are not able to sell all they are willing to sell. 
B)a surplus of 30 units results. 
C)producers are willing to produce more than is being purchased. 
D)consumers are willing to buy more than is being produced. 
E)consumers are willing to buy the same amount as that being produced.

Quizplus · Accepted Answer

The Answer of Exhibit 3-2 
-In the market represented in Exhibit 3-2, if price is $.50,
A)producers are not able to sell all they are willing to sell. 
B)a surplus of 30 units results. 
C)producers are willing to produce more than is being purchased. 
D)consumers are willing to buy more than is being produced. 
E)consumers are willing to buy the same amount as that being produced.

Exhibit 3-2 -In the Market Represented in Exhibit 3-2, If Price Is