Multiple Choice
A shortage will exist if
A) the price is above the equilibrium price.
B) the price is below the equilibrium price.
C) there are not enough producers.
D) there are not enough consumers.
E) demand decreases.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q3: An increase in supply is shown by<br>A)a
Q4: If a factor of production can be
Q5: Use the table below to answer the
Q6: Use the table below to answer the
Q7: Refer to the table below for the
Q9: Which one of the following will shift
Q10: The substitution effect influences food purchases because
Q11: An increase in income<br>A)increases the demand for
Q12: Since 1980,there has been a dramatic increase
Q13: Some producers are chatting.Which one of the