Figure 4.4 Price Supply $9 G 3 Demand 4,000 8,000 12,000 Quantity 2) Refer to Figure 4.4. The figure above represents the market for pecans. Assume that this is a competitive market. If the price of pecans is $3 2 ) A) the quantity supplied is less than the economically efficient quantity. B) not enough consumers want to buy pecans. C) the quantity supplied is economically efficient, but the quantity demanded is economically inefficient. D) economic surplus is maximized