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-Refer to Exhibit 3-8

Question 138

Multiple Choice

-Refer to Exhibit 3-8.A price of $5 will result in a ___________________ in this market which will cause the price of the product to gravitate _______________. A) shortage; downward B) shortage; upward C) surplus; downward D) surplus; upward
-Refer to Exhibit 3-8.A price of $5 will result in a ___________________ in this market which will cause the price of the product to gravitate _______________.


A) shortage; downward
B) shortage; upward
C) surplus; downward
D) surplus; upward

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