Examlex

Solved

Figure 4-15 -Refer to Figure 4-15.At a Price of $20,there Would Be

question 444

Multiple Choice

Figure 4-15
Figure 4-15    -Refer to Figure 4-15.At a price of $20,there would be a(n)  A)  shortage. The law of supply and demand predicts that the price will fall from $20 to a lower price. B)  surplus. The law of supply and demand predicts that the price will rise from $20 to a higher price. C)  excess demand. The law of supply and demand predicts that the price will rise from $20 to a higher price. D)  excess supply. The law of supply and demand predicts that the price will fall from $20 to a lower price.
-Refer to Figure 4-15.At a price of $20,there would be a(n)


Definitions:

Related Questions