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Figure 4-16 -Refer to Figure 4-16.If There Is Currently a Shortage of Currently

question 62

Multiple Choice

Figure 4-16
Figure 4-16    -Refer to Figure 4-16.If there is currently a shortage of 20 units of the good,then the law of A)  demand predicts that the price will rise by $2 to eliminate the shortage. B)  supply predicts that the price will rise by $2 to eliminate the shortage. C)  supply and demand predicts that the price will rise by $2 to eliminate the shortage. D)  supply and demand predicts that the price will fall by $2 to eliminate the shortage.
-Refer to Figure 4-16.If there is currently a shortage of 20 units of the good,then the law of


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