Multiple Choice
What events most likely explain the following Wall Street Journal headline, "Cities Couldn't Give Away Their Trash; Now They Get Top Dollar"?
A) Quantity supplied initially exceeded quantity demanded, but a subsequent increase in the demand for trash not only eliminated the surplus, but led to a rise in the price of trash.
B) Supply initially exceeded demand, but a subsequent increase in the quantity of trash demanded not only eliminated the surplus, but led to a rise in the price of trash.
C) Quantity supplied initially exceeded quantity demanded, but a subsequent increase in the supply of trash not only eliminated the surplus, but led to a rise in the price of trash.
D) Supply initially exceeded demand, but a subsequent increase in the quantity of trash supplied not only eliminated the surplus, but led to a rise in the price of trash.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Trade sanctions imposed on Iraq that limited
Q16: The invention of a machine that increases
Q17: An increase in the Federal minimum wage,
Q18: The effect of successful compliance with recycling
Q19: When gasoline prices rose in the early
Q21: Refer to the graph shown that depicts
Q22: Refer to the following graphs. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7145/.jpg"
Q23: Given a downward sloping demand curve, a
Q24: Which of the following pairs of
Q25: Honus Wagner, a major league baseball player