If the supply and demand curves intersect at $47, then any price above that would result in:
A)a shortage.
B)a surplus.
C)equilibrium.
D)an increase in demand.

Name: If the supply and demand curves intersect at $47, then any price above that would result in: A)a shortage. B)a surplus. C)equilibrium. D)an increase in demand.
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Question

Quizplus · Accepted Answer

A price above the equilibrium price of $47 would result in a surplus because the quantity supplied would exceed the quantity demanded.

If the Supply and Demand Curves Intersect at $47, Then