-The above figure shows the market for game day t-shirts.If the price of t-shirts is $10,then
A) there is a surplus and the price of t-shirts will rise.
B) there is a shortage and the price of t-shirts will rise.
C) there is a shortage and the price of t-shirts will fall.
D) there is a surplus and the price of t-shirts will fall.
E) the market is in equilibrium.

Question

-The above figure shows the market for game day t-shirts.If the price of t-shirts is $10,then
A) there is a surplus and the price of t-shirts will rise. 
B) there is a shortage and the price of t-shirts will rise. 
C) there is a shortage and the price of t-shirts will fall. 
D) there is a surplus and the price of t-shirts will fall. 
E) the market is in equilibrium.

Quizplus · Accepted Answer

At a price of $10, the quantity supplied is equal to the quantity demanded, indicating that the market is in equilibrium.

-The Above Figure Shows the Market for Game Day T-Shirts