Figure 3-4 represents the market for butter. At a market price of $1 per pound, there exists a:Figure 3-4 
A) shortage of 5,000 pounds of butter.
B) surplus of 5,000 pounds of butter.
C) shortage of 11,000 pounds of butter.
D) surplus of 11,000 pounds of butter.
E) temporary market equilibrium.
Correct Answer:
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