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Figure 3.4.1 Use the Figure Below to Answer the Following Questions

Question 96

Multiple Choice

Figure 3.4.1
Use the figure below to answer the following questions.
Figure 3.4.1 Use the figure below to answer the following questions. -At price P₂ in Figure 3.4.1, which one of the following is not true? A) This market is in equilibrium. B) The quantity demanded is equal to the quantity supplied. C) The quantity demanded is Q₁. D) There is no surplus. E) The quantity supplied is Q<sub>3</sub>.
-At price P₂ in Figure 3.4.1, which one of the following is not true?


A) This market is in equilibrium.
B) The quantity demanded is equal to the quantity supplied.
C) The quantity demanded is Q₁.
D) There is no surplus.
E) The quantity supplied is Q3.

Correct Answer:

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