Multiple Choice
Table 2.11 depicts the market for mushrooms (in thousands of kilograms per month) .
-Refer to Table 2.11 to answer this question.What will happen if the price of the product is $3?
A) There would be a surplus of 18,which would lead to a decrease in price.
B) There would be a shortage of 18,which would lead to an increase in price.
C) There would be a shortage of 18,which would lead to a decrease in price.
D) There would be a surplus of 18,which would lead to an increase in price.
E) There would be neither a surplus nor a shortage.
Correct Answer:

Verified
Correct Answer:
Verified
Q89: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5692/.jpg" alt=" -Refer to the
Q90: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5692/.jpg" alt=" The above information
Q91: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5692/.jpg" alt=" The above information
Q92: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5692/.jpg" alt=" -Refer to the
Q93: What is supply?<br>A)The quantities which producers are
Q95: Table 2.11 depicts the market for mushrooms
Q96: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5692/.jpg" alt=" -Refer to the
Q97: Demonstrate graphically and explain verbally the concept
Q98: Assume the market for coffee is initially
Q99: The following table shows the market demand