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1 Jan 2018
30) If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 8,000 per year, there is a _ in the market and the price will A) shortage; fall B) shortage; rise C) surplus; fall D) surplus; rise E) surplus; either rise or fall depending on whether supply increases to meet the surplus
30) If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 8,000 per year, there is a _ in the market and the price will A) shortage; fall B) shortage; rise C) surplus; fall D) surplus; rise E) surplus; either rise or fall depending on whether supply increases to meet the surplus
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