Quantity demands equivalent quantity supply

These supply and demand curves for sugar propose that the: (1) demand price exceeds the supply price at quantity Q₂. (2) technology should advance to allow output to develop to Q₄. (3) quantity demanded equals quantity supplied at P₁. (4) market experiences a shortage at P₂. (5) government has set an effectual price floor at P₀₂.

1875_example of Equilibrium.png

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