Refer to the information provided in Figure 3.13 below to answer the questions that follow.
Figure 3.13
-Refer to Figure 3.13.The market is initially in equilibrium at Point A.If supply shifts from S1 to S2 and the price of cheeseburgers remains constant at $5.00,there will be
A) an excess supply of 6 cheeseburgers.
B) an excess demand of 6 cheeseburgers.
C) an excess supply of 3 cheeseburgers.
D) an excess demand of 4 cheeseburgers.
Correct Answer:
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