Multiple Choice
Use the table below to answer the following questions.
Table 3.5.3
Demand and supply schedules for designer sport t-shirts at CoolU
-Refer to Table 3.5.3.Suppose that the price of a designer sport t-shirt is $6.The market has ________ leading to ________.
A) an equilibrium;no change in the price
B) a shortage;a fall in the price
C) a shortage;a rise in the price
D) a surplus;a fall in the price
E) a surplus;a rise in the price
Correct Answer:
Verified
Correct Answer:
Verified
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