-According to the above figure, at a price of $6 per DVD, there is a
A) surplus of 4000 DVDs per month.
B) market equilibrium of 4000 DVDs per month.
C) shortage of 4000 DVDs per month.
D) market equilibrium of 6000 DVDs per month.
Correct Answer:
Verified
Q382: The market clearing price is
A) the price
Q383: Q384: An excess quantity supplied can be corrected Q385: When a surplus exists Q386: Which of the following is NOT true Q388: A surplus occurs whenever Q389: Suppose that the price of wheat is Q390: Another term for the equilibrium price is Q391: Suppose a change takes place and the Q392: Which of the following is TRUE of
A) the price is
A) price is below
A)
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