if the price is $15.\na. there would be a surplus of 400 units.\nb. there would be a shortage of 400…

if the price is $15.\na. there would be a surplus of 400 units.\nb. there would be a shortage of 400 units.\nc. there would be a shortage of 300 units.\nd. there would be a surplus of 300 units.

if the price is $15.\na. there would be a surplus of 400 units.\nb. there would be a shortage of 400 units.\nc. there would be a shortage of 300 units.\nd. there would be a surplus of 300 units.

Answer

Brief Explanations:

To answer this, we need to analyze the supply - demand graph. At a price of $15, we find the quantity supplied and quantity demanded values from the graph. If quantity supplied is greater than quantity demanded, there is a surplus. If quantity demanded is greater than quantity supplied, there is a shortage. By visually inspecting the graph (assuming we can accurately read the values), we can determine the surplus or shortage amount.

Answer:

We cannot determine the answer without being able to accurately read the quantity supplied and quantity demanded values from the graph.