Multiple Choice
-In the above figure, a price of $15 per dozen roses would result in a _______ so that the price of roses will _______.
A) surplus; fall
B) surplus; rise
C) shortage; rise
D) shortage; fall
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q137: Each point on a supply curve represents<br>A)
Q138: The "law of supply" refers to the
Q139: Which of the following statements is true?<br>A)
Q140: Which of the following influences people's buying
Q141: Long- distance travel by bus is an
Q143: The "law of demand" predicts that, other
Q144: Because of increasing marginal cost, most supply
Q146: When the price of a normal good
Q147: Which of the following explain(s) why supply
Q456: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above