1. there is excess supply of eggs at a price above $1.79 and excess demand below that price.
2. there is excess demand for eggs at a price above $1.79 and excess supply below that price.
3. the excess demand equals the excess supply at a price of $1.79.
4. the above are all false because, simply put, supply equals demand at a price of $1.79.
Choose the option that yields the correct answer.