If There Is a Shortage in the Market for Jeans

question 42

Multiple Choice

If there is a shortage in the market for jeans,

• A)producers' inventories will increase
• B)the price should begin to rise
• C)the demand curve will shift to restore equilibrium in the market
• D)the supply curve will shift to restore equilibrium in the market
• E)producers expect government to impose a price ceiling

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