6 Price (dollars) CU D 400 600 Quantity 800 1,000 Exhibit 4-2 represents the orange juice market. The horizontal line represents a price ceiling imposed by the government. Which of the following is true? At equilibrium, the quantity demanded is 700. At the price ceiling, there is a surplus. The quantity supplied at the price ceiling will equal the quantity sold. The quantity demanded at the price ceiling will equal the quantity supplied. The quantity demanded at the price ceiling will equal the quantity sold. ?

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