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Surplus vs Shortage

By: Martin Erickson Lapetaje

Shortage

Surplus

A situation in which quantity demanded is greater then quantity supplied.

A situation in which quantity supplied is greater then quantity demanded

Demand

Supply

P

Demand

Supply

Surplus

S

Surplus

]

P 20

--------------------------------------

Q

>

S

D

P 15

-------------------------

Equilibrium

(E)

A situation in which the market price has reached the level at which quantity suplied eqauls quantity demanded

Qs

E

-----------------------

------------------

P15

Equilibrium

-------------------

P10

Q

D

-------------------------

S

=

D

Shortage

-----------

Q

100

200

150

]

1010

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