​Exhibit 3-14 Supply and Demand Curves

​Exhibit 3-14 Supply and demand curves
-​In Exhibit 3-14, assume that the price of compact discs is $5 each. This price is:

A) ​an equilibrium price.
B) ​not an equilibrium price because there is an excess quantity supplied at a price of $5.
C) ​not an equilibrium price because there is an excess quantity demanded at a price of $5.
D) ​not an equilibrium price because the quantity supplied of compact discs is greater than the quantity demanded.