PRICE $4 Supply Demand 0 10 QUANTITY (units) In the market shown in the graph above, at a price of $5, there will be (A) a surplus and the price will eventually fall B a surplus generating a decrease in demand a shortage and the price will eventually rise D a shortage generating an increase in supply ய (E) an increase in supply and a decrease in demand
PRICE $4 Supply Demand 0 10 QUANTITY (units) In the market shown in the graph above, at a price of $5, there will be (A) a surplus and the price will eventually fall B a surplus generating a decrease in demand a shortage and the price will eventually rise D a shortage generating an increase in supply ய (E) an increase in supply and a decrease in demand
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
Problem 3ST
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