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Figure 3-G The Diagram Below Represents the Market for Butter

Question 4

Multiple Choice

Figure 3-G
The diagram below represents the market for butter. Figure 3-G The diagram below represents the market for butter. -Refer to Figure 3-G.At a market price of $4, there exists a: A) shortage equal to 4,000 pounds of butter. B) surplus equal to 4,000 pounds of butter. C) shortage equal to 7,000 pounds of butter. D) surplus equal to 7,000 pounds of butter. E) market equilibrium.
-Refer to Figure 3-G.At a market price of $4, there exists a:


A) shortage equal to 4,000 pounds of butter.
B) surplus equal to 4,000 pounds of butter.
C) shortage equal to 7,000 pounds of butter.
D) surplus equal to 7,000 pounds of butter.
E) market equilibrium.

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