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Figure 3-6 -Which of the Following Is Evidence of a Shortage of a Shortage

Question 116

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Figure 3-6 Figure 3-6 -Which of the following is evidence of a shortage of walnuts? A) Firms lower the price of walnuts. B) The price of cashews is lowered in order to make up for the walnut shortage. C) The equilibrium price of walnuts falls due to a decrease in demand. D) The quantity demanded of walnuts is greater than the quantity supplied.
-Which of the following is evidence of a shortage of walnuts?


A) Firms lower the price of walnuts.
B) The price of cashews is lowered in order to make up for the walnut shortage.
C) The equilibrium price of walnuts falls due to a decrease in demand.
D) The quantity demanded of walnuts is greater than the quantity supplied.

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