-The above table shows the demand schedule and supply schedule for chocolate chip cookies. If the price is $4.00 per pound, there is a

Question

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At a price of $4.00, if the quantity demanded exceeds the quantity supplied, there is a shortage. The specific quantities for demand and supply at this price point are not provided, but the correct answer indicates a situation where demand exceeds supply by 3 pounds, leading to a shortage of that amount.

-The Above Table Shows the Demand Schedule and Supply Schedule