Multiple Choice
If there is a shortage in a rental market, what is expected?
A) Rental prices to be decreasing until shortage is eliminated.
B) Rental prices to be increasing until shortage is eliminated.
C) Rental prices to either be increasing or decreasing.
D) Rental prices to stay the same.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q3: Excess supply causes the price to<br>A) increase.<br>B)
Q4: What would your answer to the previous
Q5: The cost of protection of domestic jobs
Q6: If both demand and supply decrease at
Q7: A good is normal if a rise
Q9: Import tariffs on a good or a
Q10: A decline in the supply will cause
Q11: If automobile manufacturers are producing cars faster
Q12: At a price of $299.99, the manufacturer
Q13: Assume that the demand is estimated