Table 3.4.2 -Refer to Table 3.4.2. the Table Shows the Demand and Shows

question 49

Multiple Choice

Table 3.4.2

-Refer to Table 3.4.2. The table shows the demand and supply schedules for shampoo. If the price is $6 a bottle, there is a ________ of shampoo. So the price of a bottle of shampoo ________, the quantity demanded ________ and the quantity supplied ________. The market moves to equilibrium.

• A)shortage; rises; decreases; increases
• B)shortage; falls; decreases; increases
• C)surplus; rises; increases; decreases
• D)surplus; falls; increases; decreases
• E)shortage; rises; increases; decreases