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The Diagram Below Represents the Market for Butter

Question 9

Multiple Choice

The diagram below represents the market for butter.
FIGURE 4-1
The diagram below represents the market for butter. FIGURE 4-1 -Refer to Figure 4-1. If the current price of butter equals $5, what is the result in the market? A) The market is not in equilibrium, and that the quantity supplied is greater than the quantity demanded. B) The market is not in equilibrium, and that the quantity demanded is greater than the quantity supplied. C) The market is in equilibrium at 8000 kilograms per year. D) The market is in equilibrium at 2000 kilograms per year.
-Refer to Figure 4-1. If the current price of butter equals $5, what is the result in the market?


A) The market is not in equilibrium, and that the quantity supplied is greater than the quantity demanded.
B) The market is not in equilibrium, and that the quantity demanded is greater than the quantity supplied.
C) The market is in equilibrium at 8000 kilograms per year.
D) The market is in equilibrium at 2000 kilograms per year.

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