Consider the figure to the right. At a price of $8

8,

A.

quantity supplied is greater than quantity demanded.

quantitysuppliedisgreaterthanquantitydemanded.

B.

there is a tendency for price to rise.

thereisatendencyforpricetorise.

C.

quantity exchanged equals quantity supplied.

quantityexchangedequalsquantitysupplied.

D.

the market has reached an equilibrium price.

Take a Test - Olivia Schmitt - Google Chrome X mathxl.com/Student/PlayerTest.aspx?testld=217371785¢erwin=yes This Question: 1 pt 2 of 10 (1 complete) Consider the figure to the right. At a price of $8, 10- O A. quantity supplied is greater than quantity demanded. O B. there is a tendency for price to rise. 8- .... O C. quantity exchanged equals quantity supplied. 7 - D. the market has reached an equilibrium price. Price ($) 5 - 4- 3- 2- . . . .. . ... .... 1- N- Type here to search A Y 10:26 PM 7/9/2020Take a Test - Olivia Schmitt - Google Chrome X mathxl.com/Student/PlayerTest.aspx?testld=217371785¢erwin=yes 10- . .. .. . . . . . . . . ... P Price ($) . P1 N Po D of N- A- 6 CO- 10 Quantity ? Type here to search A Y 10:26 PM 7/9/2020