If the demand and supply functions for Z-brand phones are and respectively, compare the quantity demanded and the quantity supplied when p = 46. Note that q is the quantity produced or sold. Are there surplus phones or not enough to meet demand?
A) There will be a surplus at a price of $46.
B) There will be a shortage at a price of $46.

Question

If the demand and supply functions for Z-brand phones are  and  respectively, compare the quantity demanded and the quantity supplied when p = 46. Note that q is the quantity produced or sold. Are there surplus phones or not enough to meet demand? ​​
A) There will be a surplus at a price of $46. 
B) There will be a shortage at a price of $46.

Quizplus · Accepted Answer

The Answer of If the demand and supply functions for Z-brand phones are  and  respectively, compare the quantity demanded and the quantity supplied when p = 46. Note that q is the quantity produced or sold. Are there surplus phones or not enough to meet demand? ​​
A) There will be a surplus at a price of $46. 
B) There will be a shortage at a price of $46.

If the Demand and Supply Functions for Z-Brand Phones Are