Multiple Choice
Suppose that at the current price, waffle producers offer 5 million waffles for sale, but consumers want to buy 6 million. When the market coordinates the demand and supply for waffles, the price of waffles will:
A) rise.
B) fall.
C) stay the same.
D) be fixed by the government.
Correct Answer:
Verified
Correct Answer:
Verified
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