Refer to the accompanying figure. If the price is $4 today and there is no change in either supply or demand, one would expect the price in the future to be:
A)$4.
B)less than $4.
C)greater than $6.
D)greater than $4.

Question

Refer to the accompanying figure. If the price is $4 today and there is no change in either supply or demand, one would expect the price in the future to be: 
A)$4. 
B)less than $4. 
C)greater than $6. 
D)greater than $4.

Quizplus · Accepted Answer

At a price of $4, the quantity demanded is greater than the quantity supplied, so price will rise.

Refer to the Accompanying Figure