The Figure Below Is the Graph of Both the Demand

question 80

Multiple Choice

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 $150? ​ ​

• A) There will be a market surplus.
• B) There will be a market shortage.

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Definitions:

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