The diagram illustrates market demand for, and supply of, a good. Which statement is not correct?
- AAt price OP1, UV represents the market surplus.
- BAt price OP3, P3X represents the quantity that consumers are able and willing to buy.
- CIf price were to fall from OP1 to OP3, the extra quantity demanded would be equal to the extra quantity supplied.
- DPrice OP2 is the market equilibrium price.