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-In the Above Figure, If D2 is the Demand Curve

Question 78

Multiple Choice

-In the above figure, if D<sub>2 </sub>is the demand curve, then a price of P<sub>3 </sub>would result in A) a surplus of Q<sub>3</sub><sub> </sub>- Q<sub>1</sub>. B) a surplus of Q<sub>4 </sub>- Q<sub>0</sub>. C) a shortage of Q<sub>3</sub><sub> </sub>- Q<sub>1</sub>. D) a shortage of Q<sub>4 </sub>- Q<sub>3</sub>.
-In the above figure, if D2 is the demand curve, then a price of P3 would result in


A) a surplus of Q3 - Q1.
B) a surplus of Q4 - Q0.
C) a shortage of Q3 - Q1.
D) a shortage of Q4 - Q3.

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