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Exhibit 4-1  Supply and Demand Data Exhibit 4-1 Shows That

Question 204

Multiple Choice

Exhibit 4-1  Supply and demand data Exhibit 4-1  Supply and demand data Exhibit 4-1 shows that at a price of $3.00, A) the market is in equilibrium. B) there will be excess quantity demanded. C) there will be excess quantity supplied. D) there is a price ceiling in effect. Exhibit 4-1 shows that at a price of $3.00,


A) the market is in equilibrium.
B) there will be excess quantity demanded.
C) there will be excess quantity supplied.
D) there is a price ceiling in effect.

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