Multiple Choice
Table 3.4.2
-Refer to Table 3.4.2. The table shows the demand and supply schedules for shampoo. If the price is $6 a bottle, there is a ________ of shampoo. So the price of a bottle of shampoo ________, the quantity demanded ________ and the quantity supplied ________. The market moves to equilibrium.
A) shortage; rises; decreases; increases
B) shortage; falls; decreases; increases
C) surplus; rises; increases; decreases
D) surplus; falls; increases; decreases
E) shortage; rises; increases; decreases
Correct Answer:

Verified
Correct Answer:
Verified
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