If the demand and supply functions for Z-brand phones are 
and 
respectively, compare the quantity demanded and the quantity supplied when 
style="vertical-align: middle;" data-wiris-created="true" varid="variable_id_field" variablename="impvar_d419cf83c74249c9a5b24fc32" />. Note thatqis the quantity produced or sold. Are there surplus phones or not enough to meet demand?
?
A. There will be a shortage at a price of $22.
B. There will be a surplus at a price of $22.
Answer: A
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