Multiple Choice
When people heard that there was a shortage of specialty dolls, they wanted even more of them. Because of this effect the pressure on the price of these dolls increased. The price of the dolls remained the same however. Thus, the shortage of these dolls:
A) increased.
B) decreased.
C) did not change.
D) may have increased or decreased.
Correct Answer:

Verified
Correct Answer:
Verified
Q67: Refer to the graph shown. If sellers
Q68: Demand for single occupancy apartments is Qd
Q69: Rent control makes apartments:<br>A) hard to find.<br>B)
Q70: A company switches from a medical plan
Q71: Suppose a recent and widely circulated medical
Q73: Suppose caviar sales soars at the same
Q74: A decrease in quantity and price is
Q75: Season tickets to the Miami Heat games
Q76: The U.S. Postal Service printed 150,000 sheets
Q77: The standard supply/demand framework:<br>A) can be modified