Asupply and demand graph, showing quantity on the x axis and price is on y axis. red supply line s rises up and to the right from 0,0 in positive x and y directions. blue demand line d descends from x axis origin and upper range of y axis in positive x, negative y direction. a line marked artificial price extends from the y axis, roughly one third of the way up from the x axis and below the equilibrium point where s and d lines intersect. the intersection of the artificial price line with the s line is marked quantity supplied. the intersection of the artificial price line with the d line is marked quantity demanded.
what can result from the line marked "artificial price"?
a) artificial monopoly
b) natural monopoly
c) shortage
d) surplus
Answers: 1
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Asupply and demand graph, showing quantity on the x axis and price is on y axis. red supply line s r...
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