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The Current Price of Blue Jeans Is $30 Per Pair,but

Question 40

Multiple Choice

The current price of blue jeans is $30 per pair,but the equilibrium price of blue jeans is $25 per pair.As a result,


A) the quantity supplied of blue jeans exceeds the quantity demanded of blue jeans at the $30 price.
B) the equilibrium quantity of blue jeans exceeds the quantity demanded at the $30 price.
C) there is a surplus of blue jeans at the $30 price.
D) All of the above are correct.

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