​Exhibit 3-10 Demand and Supply Curves

​Exhibit 3-10 Demand and supply curves
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-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.
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