Multiple Choice
Use the table below to answer the following questions.
Table 3.5.3
-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 surplus; a rise in the price
C) a shortage; a fall in the price
D) a shortage; a rise in the price
E) a surplus; a fall in the price
Correct Answer:

Verified
Correct Answer:
Verified
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