If the supply and demand curves intersect at a price of $25, then any price below that price would result in:

Question

Quizplus · Accepted Answer

If the supply and demand curves intersect at a price of $25, it means that this is the equilibrium price, where the quantity supplied and the quantity demanded are equal. Any price below $25 would result in a shortage, meaning that the quantity demanded would exceed the quantity supplied, and there would be excess demand in the market.

If the Supply and Demand Curves Intersect at a Price