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Review Test Submission: Q4, Quiz 4, Chapter 4   ·          Question 1 5 out of 5 points In a market economy, supply and demand determine Selected Answer: a. both the quantity of each good produced and the price at which it is sold. Answers: a. both the quantity of each good produced and the price at which it is sold. b. the quantity of each good produced but not the price at which it is sold. c. neither the quantity of each good produced nor the price at which it is sold. d. the price at which each good is sold but not the quantity of each good produced. ·          Question 2 5 out of 5 points Figure 4-19 Refer to Figure 4-19 . If price in this market is currently $14, then there would be a(n) Selected Answer: c. exce