​Exhibit 3-14 Supply and Demand Curves

​Exhibit 3-14 Supply and demand curves
-In Exhibit 3-14, assume that the market price of compact discs is $15 each. This price is:

A) ​an equilibrium price.
B) ​not an equilibrium price because there is an excess quantity demanded at a price of $15.
C) ​an equilibrium price because suppliers can store inventories in their warehouses.
D) ​not an equilibrium price because the quantity supplied of compact discs is greater than the quantity demanded.