Multiple Choice
-The above table shows the demand schedule and supply schedule for almond oil. If the price is
$4) 00 per litre, there is a
A) shortage of 5 litres of almond oil.
B) shortage of 3 litres of almond oil.
C) shortage of 2 litres of almond oil.
D) surplus of 3 litres of almond oil.
Correct Answer:
Verified
Correct Answer:
Verified
Q21: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -Consider the demand
Q22: A fall in the price of a
Q22: Demands differ from wants because<br>A) demands are
Q23: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -Consider the demand
Q25: Which of the following decreases the supply
Q28: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the figure
Q29: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The figure above
Q31: When a market is in equilibrium,<br>A) everyone
Q102: In a market, at the equilibrium price,<br>A)buyers
Q279: If income decreases or the price of