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-The Above Table Gives the Demand and Supply Schedules for Compact

Question 507

Multiple Choice

-The above table gives the demand and supply schedules for compact discs. If the price of a compact disc is $8, there is a _ and the price of a compact disc will _ . A) shortage; rise B) surplus; rise C) surplus; fall D) shortage; fall
-The above table gives the demand and supply schedules for compact discs. If the price of a compact disc is $8, there is a _ and the price of a compact disc will _ .


A) shortage; rise
B) surplus; rise
C) surplus; fall
D) shortage; fall

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