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
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Q30: Exhibit 4-2 Supply and demand curves 
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Q39: Exhibit 4-2 Supply and demand curves
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