Multiple Choice
If the price of ice in a hurricane-devastated area suddenly skyrockets, then ice suppliers will:
A) enjoy high profits at the expense of consumers.
B) limit the supply of ice in the area to sustain the skyrocketing price.
C) ship more ice to the area and the price will fall.
D) have an incentive to direct ice to its highest-valued uses.
Correct Answer:
Verified
Correct Answer:
Verified
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