Multiple Choice
Suppose that the price of corn is held above its equilibrium price. You would expect to see
A) a surplus of corn on the market.
B) a shortage of corn on the market.
C) a leftward shift of the demand curve because of the high price.
D) a rightward shift of the demand curve because of the easy availability of corn.
Correct Answer:
Verified
Correct Answer:
Verified
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