The figure below is the graph of both the demand function D and the supply function S for the same product, where P is the price per unit and Q is the number of units produced. Will there be a market surplus or shortage when the price P is $250?
A)There will be a market shortage.
B)There will be a market surplus.

Question

The figure below is the graph of both the demand function D and the supply function S for the same product, where P is the price per unit and Q is the number of units produced. Will there be a market surplus or shortage when the price P is $250? ​  ​
A)There will be a market shortage. 
B)There will be a market surplus.

Quizplus · Accepted Answer

The Answer of The figure below is the graph of both the demand function D and the supply function S for the same product, where P is the price per unit and Q is the number of units produced. Will there be a market surplus or shortage when the price P is $250? ​  ​
A)There will be a market shortage. 
B)There will be a market surplus.

The Figure Below Is the Graph of Both the Demand