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.
Is there a surplus or shortage when the price is $26?

A) There is a shortage.
B) There is a 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. ​  ​
Is there a surplus or shortage when the price is $26?
​
A) There is a shortage. 
B) There is a 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. ​  ​
Is there a surplus or shortage when the price is $26?
​
A) There is a shortage. 
B) There is a surplus.

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