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The graph shows the supply and demand curves for a certain product, which has a current selling price of $500. The laws of supply and demand most support which conclusion about the product?

A. The current selling price for the product is too high.
B. The current selling price for the product is too low.
C. The current selling price for the product is the result of a shortage.
D. The current selling price matches the product's equilibrium price.

The graph shows the supply and demand curves for a certain product, which has a current-example-1

2 Answers

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Final answer:

The supply and demand curves indicate that the current selling price for the product is too high.

Step-by-step explanation:

The graph shows the supply and demand curves for a certain product, with the equilibrium point at a price of $1.40 and a quantity of 600.

At a price above equilibrium, there is excess supply, and at a price below equilibrium, there is excess demand. Since the current selling price is $500, which is significantly higher than the equilibrium price, the supply and demand curves most support the conclusion that the current selling price for the product is too high.

User Wawy
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Answer:

its a

Step-by-step explanation:

User Albertus
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