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    Managerial Economics and Business Strategy Study Set 2
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    Exam 2: Market Forces: Demand and Supply
  5. Question
    If a Shortage Exists in a Market, the Natural Tendency
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If a Shortage Exists in a Market, the Natural Tendency

Question 19

Question 19

Multiple Choice

If a shortage exists in a market, the natural tendency is for:


A) demand to increase.
B) price to increase.
C) quantity supplied to decrease.
D) no change in the market.

Correct Answer:

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