The figure below is the graph of both the demand function D and the supply function S for the same product, where P is the price per unit and Q is the number of units produced. Will there be a market surplus or shortage when the price P is $250? 
Definitions:
Andrew Johnson
The 17th President of the United States, serving from 1865 to 1869, known for his efforts to restore the southern states after the Civil War and his subsequent impeachment.
Thaddeus Stevens
A 19th-century U.S. politician known for his fierce advocacy for the abolition of slavery and his role in the Reconstruction era.
Confederate States
refers to the 11 southern states that seceded from the Union in 1860-1861, leading to the American Civil War.
Reconstruction
Refers to the period following the Civil War in which the United States government focused on rebuilding the Southern states and reintegrating them into the Union.
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