Question

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?
$500
Demand
Supply
$400
Price
$300
$200
$100
1,000 2,000 3,000 4,000 5,000
Quantity

Answer 1

Answer:

A. The current selling price for the product is too high.

Explanation:

In the given image, the 4,000 quantity met with the $400 price and equilibrium is the point where the demand and the supply met with each other so this is a point where they met with each other

The current selling price is $500

So here the current selling price of the product would become high

Hence, the correct option is A.

Answer 2

Answer:

the current selling price for the product is too low

Explanation:

sherk rules