If the supply and demand curves intersect at a price of $14,then any price below that would result in:
A)a shortage.
B)a surplus.
C)equilibrium.
D)an increase in demand.

Question

Quizplus · Accepted Answer

If the supply and demand curves intersect at a price of $14, it means that at that price the quantity supplied equals the quantity demanded. Any price below $14 would result in a shortage because the quantity demanded exceeds the quantity supplied at that price, leading to an excess demand.

If the Supply and Demand Curves Intersect at a Price