refer to the following figure(s). at a price of $15.\no quantity demanded exceeds quantity supplied.\no…

refer to the following figure(s). at a price of $15.\no quantity demanded exceeds quantity supplied.\no there is a shortage.\no all other answers are correct.\no market forces will act to increase the price.\no there is an excess demand.

refer to the following figure(s). at a price of $15.\no quantity demanded exceeds quantity supplied.\no there is a shortage.\no all other answers are correct.\no market forces will act to increase the price.\no there is an excess demand.

Answer

Brief Explanations:

At a price of $15 on the graph, the quantity - demanded is higher than the quantity - supplied. This implies an excess demand or shortage in the market. Market forces will push the price up to reach equilibrium.

Answer:

All other answers are correct.