Figure 3-4 represents the market for butter. If the current price of butter equals $2 per pound, then:Figure 3-4 
A) the market is in equilibrium at 3,000 pounds per year.
B) the market is in equilibrium at 8,000 pounds per year.
C) the market is not in equilibrium and the quantity supplied is greater than the quantity demanded.
D) the market is not in equilibrium and the quantity demanded is greater than the quantity supplied.
E) the market is in equilibrium at 6,000 pounds of butter per year.
Correct Answer:
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