Suppose Donuts Are Currently Selling for $10 Per Dozen

question 270

Multiple Choice

Suppose donuts are currently selling for $10 per dozen.The equilibrium price of donuts is $12 per dozen.What would we expect

• A)a shortage to exist and the market price of donuts to increase
• B)a shortage to exist and the market price of donuts to decrease
• C)a surplus to exist and the market price of donuts to increase
• D)a surplus to exist and the market price of donuts to decrease

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