Multiple Choice
The demand for lobster is higher in the summer than in the spring.If the price of lobster is lower in summer than in spring then
A) the supply of lobster is lower in spring than in summer.
B) consumers' tastes for lobster are greater in spring than in summer.
C) there is a surplus of lobster in summer and a shortage of lobster in spring.
D) there are more substitutes for lobster in summer than there are in spring.
Correct Answer:
Verified
Correct Answer:
Verified
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