According to the figure below,at the price of $5,

Name: According to the figure below,at the price of $5,
Brand: Quizplus
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Question

Quizplus · Accepted Answer

At the price of $5, the quantity demanded is 500 (as shown by the intersection of the demand curve and the price line). However, the equilibrium quantity is not necessarily 500, as this depends on where the demand and supply curves intersect. Without more information about the supply curve, we cannot determine whether there is a surplus or shortage at this price.

According to the Figure Below,at the Price of $5