If There Exists a Shortage in the Market for Snowmobiles

question 495

Multiple Choice

If there exists a shortage in the market for snowmobiles, then the price of a snowmobile will

• A) rise.
• B) fall.
• C) neither rise nor fall.
• D) at first fall then rise.

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Definitions:

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The phenomenon where an increase in national income or output leads to a disproportionately larger increase in investment expenditure.

Money Supply

The entire financial resource sum in an economy at a particular time.

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