Multiple Choice
If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 8,000 per year, there is a ________ in the market and the price will ________.
A) surplus; fall
B) shortage; rise
C) surplus; rise
D) shortage; fall
Correct Answer:
Verified
Correct Answer:
Verified
Q46: The price of a bag of corn
Q47: For normal goods, which of the following
Q48: During the last decade, the price of
Q49: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -In the figure
Q50: Which of the following is the BEST
Q52: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -The figure above
Q53: When the demand for a good decreases,
Q54: When demand increases, the equilibrium price _
Q55: The quantity demanded is<br>A)independent of the price
Q56: A market where no single buyer or