The figure below show the demand and supply functions for a product. Decide which line shows the supply function and which line the demand function.
Will a price above the equilibrium price result in a market surplus or shortage?

A) shortage
B) surplus

Question

The figure below show the demand and supply functions for a product. Decide which line shows the supply function and which line the demand function. ​  ​
Will a price above the equilibrium price result in a market surplus or shortage?
​
A) shortage 
B) surplus

Quizplus · Accepted Answer

The Answer of The figure below show the demand and supply functions for a product. Decide which line shows the supply function and which line the demand function. ​  ​
Will a price above the equilibrium price result in a market surplus or shortage?
​
A) shortage 
B) surplus

The Figure Below Show the Demand and Supply Functions for a Product