In the diagrams below, the subscript "1" refers to the initial position of the curve, while the subscript "2" refers to the final position after the curve shifts. Refer to the diagrams above. In which of them would we see a shortage at the initial price after the indicated curve has shifted?

Question

In the diagrams below, the subscript "1" refers to the initial position of the curve, while the subscript "2" refers to the final position after the curve shifts.  Refer to the diagrams above. In which of them would we see a shortage at the initial price after the indicated curve has shifted?

Quizplus · Accepted Answer

The Answer of In the diagrams below, the subscript "1" refers to the initial position of the curve, while the subscript "2" refers to the final position after the curve shifts.  Refer to the diagrams above. In which of them would we see a shortage at the initial price after the indicated curve has shifted?

In the Diagrams Below, the Subscript "1" Refers to the Initial