Use the Following Figure to Answer the Questions : Figure

Use the following figure to answer the questions : Figure 8.3:
-Given AD₁ and AS₁,if the average price level in Figure 8.3 were at P₃,

A) A surplus would exist initially.
B) The aggregate quantity demanded would exceed the aggregate quantity supplied.
C) The average price level would rise.
D) The equilibrium price level would be P3.