Figure 6-4 
-Refer to Figure 6-4.Which of the following statements is not correct?
A) When the price is $10,quantity supplied equals quantity demanded.
B) When the price is $6,there is a surplus of 8 units.
C) When the price is $12,there is a surplus of 4 units.
D) When the price is $16,quantity supplied exceeds quantity demanded by 12 units.
Correct Answer:
Verified
Q77: Figure 6-17
This figure shows the market demand
Q78: Figure 6-3 Q79: Suppose the equilibrium price of a tube Q80: Figure 6-17 Q81: You have responsibility for economic policy in Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
This figure shows the market demand