The Figure Below Show the Demand and Supply Functions for a Product

question 87

Multiple Choice

The figure below show the demand and supply functions for a product. Decide which line shows the supply function and which line the demand function. ​ ​
Is there a surplus or shortage when the price is $33?
​

• A)There is a surplus.
• B)There is a shortage.

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Definitions:

Prenatal Development

Prenatal development is the process of growth and development within the womb, where a single-cell zygote transforms into a full-term baby.

Maturation

Maturation refers to the process of becoming mature, encompassing growth and developmental changes in physical, psychological, or emotional states over time.

Embryonic

Relating to an embryo, which is an organism in the early stages of development before birth, especially during the first eight weeks in humans.

Fetal

Pertaining to a fetus, which is the developmental stage of human offspring from the end of the embryonic period (around 8 weeks) to birth.