if-the-demand-curve-is-downward-sloping-and-the-supply-curve-is-upward-sloping-w

Question

If the demand curve is downward sloping and the supply curve is upward sloping, what does their intersection represent?

Accepted Answer

The market equilibrium price and quantity.

Answer

The maximum possible price.

Answer

The minimum possible quantity.

Answer

A shortage in the market.