Figure 3-6 -Which of the Following Is Evidence of a Shortage of a Shortage

question 116

Multiple Choice

Figure 3-6
-Which of the following is evidence of a shortage of walnuts?

• A) Firms lower the price of walnuts.
• B) The price of cashews is lowered in order to make up for the walnut shortage.
• C) The equilibrium price of walnuts falls due to a decrease in demand.
• D) The quantity demanded of walnuts is greater than the quantity supplied.

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