-In the above figure, if D2 is the demand curve, then a price of P3 would result in

Name: -In the above figure, if D2 is the demand curve, then a price of P3 would result in
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At a price of P3, the quantity demanded is Q1 (as indicated by the demand curve D2), and the quantity supplied is Q3 (as indicated by the vertical distance from P3 to the supply curve). This results in a surplus, because the quantity supplied (Q3) is greater than the quantity demanded (Q1), hence the surplus is Q3 - Q1.

-In the Above Figure, If D2 Is the Demand Curve