Exhibit 4-1 Supply and demand data 
Exhibit 4-1 shows that at a price of $3.00,
A) the market is in equilibrium.
B) there will be excess quantity demanded.
C) there will be excess quantity supplied.
D) there is a price ceiling in effect.
Correct Answer:
Verified
Q31: Exhibit 4-1 Supply and demand data
Q32: Exhibit 4-3 Supply and demand curves
Q33: Exhibit 4-2 Supply and demand curves
Q34: Exhibit 4-3 Supply and demand curves
Q37: Exhibit 4-3 Supply and demand curves
Q38: An increase in the price of plastic
Q38: Exhibit 4-3 Supply and demand curves
Q39: Exhibit 4-2 Supply and demand curves
Q40: Exhibit 4-3 Supply and demand curves
Q175: Consider the market for grapes. An increase
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