menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Today Study Set 1
  4. Exam
    Exam 4: Extensions of Demand and Supply Analysis
  5. Question
    What Would Happen in the Market for Rice If Its
Solved

What Would Happen in the Market for Rice If Its

Question 325

Question 325

Multiple Choice

What would happen in the market for rice if its demand increased but the price was NOT allowed to change?


A) There would be a surplus of rice.
B) There would be a shortage of rice.
C) The supply of rice would increase.
D) The supply of rice would decrease.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q320: Goods A and B are complementary goods.

Q321: Price controls<br>A) exist when firms decide that

Q322: In the price system<br>A) prices are set

Q323: A technological advancement has just occurred in

Q324: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Price controls A)

Q326: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -A black market

Q327: Hospitals announce that there are not enough

Q328: Since the minimum wage rate began it

Q329: Intermediaries, known as middlemen, specialize in<br>A) reducing

Q330: Suppose that initially a market is in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines