If the quantity demanded of a new mountain bike is 8,000 and the quantity supplied is 6,000, then _____.

Question

there is a shortage of 2,000 bikes

there is a surplus of 1,000 bikes

there is a surplus of 2,000 bikes

there is a shortage of 14,000 bikes

Answer 1

If the quantity demanded of a new mountain bike is 8,000 and the quantity supplied is 6,000, then there is a shortage of 2,000 bikes.

This is because the quantity demanded exceeds the quantity supplied by 2,000 (8,000 - 6,000 = 2,000).