Multiple Choice
Figure 3-5
-Refer to Figure 3-5.In a free market such as that depicted above,a shortage is eliminated by
A) a price increase,increasing the supply and decreasing the demand.
B) a price decrease,decreasing the supply and increasing the demand.
C) a price decrease,decreasing the quantity supplied and increasing the quantity demanded.
D) a price increase,increasing the quantity supplied and decreasing the quantity demanded.
Correct Answer:

Verified
Correct Answer:
Verified
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