Multiple Choice
-The table shows the demand and supply schedules for jeans.
A) At $60 a pair, there is a shortage of jeans and the price will fall.
B) At $60 a pair, there is a surplus of jeans and the price will rise.
C) At $40 a pair, there is a shortage of jeans and the price will rise.
D) At $40 a pair, there is a shortage of jeans and the price will fall.
Correct Answer:
Verified
Correct Answer:
Verified
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