Exhibit 3-10 Demand and supply curves 
In Exhibit 3-10, which of the following is true about this graph?
A) When the price is $4, there is an excess supply.
B) When the price is $8, there is an excess demand.
C) When the price is $4, excess supply is greater than excess demand.
D) When the price is $8, excess demand is greater than excess supply.
E) When the price is $6, there is no excess demand or excess supply.
Correct Answer:
Verified
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