If the supply and demand curves intersect at $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 $14, any price below that point would result in a shortage, meaning that demand for the product would exceed the available supply. At a lower price, buyers would be more likely to purchase the product, leading to increased demand, but suppliers may not be willing or able to increase the supply at such a low price. This imbalance would result in a shortage.

If the Supply and Demand Curves Intersect at $14, Then