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The Following Question Are Based on the Following Diagram

Question 59

Multiple Choice

The following question are based on the following diagram:
The following question are based on the following diagram: -For a market to exhibit excess supply A) demand must exceed supply. B) the market must be growing. C) demand must increase. D) the equilibrium price must be too high to clear the market. E) the actual price must be above the equilibrium price.
-For a market to exhibit excess supply


A) demand must exceed supply.
B) the market must be growing.
C) demand must increase.
D) the equilibrium price must be too high to clear the market.
E) the actual price must be above the equilibrium price.

Correct Answer:

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