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Reference: Ref 4-2 (Figure: Market Equilibrium) Refer to the Figure

Question 10

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Reference: Ref 4-2 (Figure: Market Equilibrium) Refer to the figure. At a price of $1, the market is characterized by a(n) : A) excess supply of 2 units. B) excess demand of 4 units. C) surplus of 4 units. D) shortage of 6 units. Reference: Ref 4-2 (Figure: Market Equilibrium) Refer to the figure. At a price of $1, the market is characterized by a(n) :


A) excess supply of 2 units.
B) excess demand of 4 units.
C) surplus of 4 units.
D) shortage of 6 units.

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