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

Question 222

Multiple Choice

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. ​ 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 $33? ​ A) There is a surplus. B) There is a shortage. ​
Is there a surplus or shortage when the price is $33?
​


A) There is a surplus.
B) There is a shortage.

Correct Answer:

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