O Levels Economics (2281)•2281/12/M/J/25

Explanation
Demand-Supply Imbalance in Ice Cream Market Steps:
- Hot weather typically shifts the demand curve for ice cream to the right, increasing quantity demanded at every price.
- The price P is likely the original equilibrium price before the hot weather.
- At this fixed price P, the new quantity demanded exceeds the quantity supplied.
- This creates an excess demand situation in the market.
Not enough information to confirm surplus; standard economics predicts a shortage, but context (e.g., graph or supply shift) is missing.
Final answer: Not enough information.
Topic: Demand
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