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If the price is raised to $7, what would be the result in the market place? (Surplus, Shortage, or Equilibrium).

If the price is raised to $7, what would be the result in the market place? (Surplus, Shortage, or Equilibrium).
asked 172k views
17 votes
If the price is raised to $7, what would be the result in the market place? (Surplus, Shortage, or Equilibrium).

asked
User Berbatov
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7.6k points

1 Answer

5 votes
Surplus
Because the price is rising.
answered
User Psharma
by
7.8k points
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