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

Question 233

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. ​ 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. ​ ​ Will a price above the equilibrium price result in a market surplus or shortage? ​ A) shortage B) surplus ​
Will a price above the equilibrium price result in a market surplus or shortage?
​


A) shortage
B) surplus

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