Multiple Choice
In the short-run if there is a surplus in the market for a product,the rationing function of price can be expected to cause
A) an increasing shift in the demand for the product.
B) a decreasing shift in the supply of the product.
C) an increase in the market price of the product.
D) a decrease in the market price of the product.
Correct Answer:
Verified
Correct Answer:
Verified
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