Solved

(Figure: Interpreting Market Equilibrium) If the Price Is $10, Then

Question 63

Multiple Choice

(Figure: Interpreting Market Equilibrium) If the price is $10, then there is a _____ units and the price will _____. (Figure: Interpreting Market Equilibrium) If the price is $10, then there is a _____ units and the price will _____. A) shortage of 4,000; fall B) shortage of 2,000; rise C) surplus of 4,000; fall D) surplus of 2,000; fall


A) shortage of 4,000; fall
B) shortage of 2,000; rise
C) surplus of 4,000; fall
D) surplus of 2,000; fall

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q58: The market supply curve<br>A) is a horizontal

Q59: If the producers of cotton shirts face

Q60: A decrease in population in a market

Q61: In a market when the price of

Q62: Describe the difference between a change in

Q64: If the price of kayaks rises, the<br>A)

Q65: During the last recession, consumer spending on

Q66: Markets require a physical location for transactions

Q67: State the law of demand and explain

Q68: Which event would shift the supply curve