Narrbegin Exhibit 4 -Exhibit 4

Narrbegin Exhibit 4.1 Supply and demand data
$$\begin{array} { | c | c | c | } \hline \text { Price (\$) } & \begin{array} { c } \text { Quantity } \\\text { demanded }\end{array} & \begin{array} { c } \text { Quantity } \\\text { supplied }\end{array} \\\hline 10 & 500 & 50 \\\hline 15 & 450 & 150 \\\hline 20 & 400 & 250 \\\hline 25 & 300 & 300 \\\hline 30 & 150 & 350 \\\hline\end{array}$$
-Exhibit 4.1 shows that at a price of $30:

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.

Correct Answer:

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