The following question are based on the following diagram:
-If the actual price of sweatshirts is $10 each,the market is not in equilibrium because
A) all consumers willing to pay $10 for a sweatshirt are unable to buy one.
B) there is excess demand.
C) the rate at which sweatshirts are supplied is greater than the rate at which they are demanded.
D) the price at which sweatshirts are demanded is less than the price at which they are supplied.
E) the price is not equal to the quantity.
Correct Answer:
Verified
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