Answer: Option (D) is correct.
Explanation:
Correct option: The current price is lower than the equilibrium price.
When the current price is lower than the equilibrium price, this will increase the demand for the product. Consumers wants to buy more quantity of goods at a lower price, as a result demand for the product increases. But the producer of the product wants to sell less, as price is lower than the equilibrium level.
Hence, there is a shortage in a market of product.
