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11 Dec 2019
When a shortage exists in a market, sellers:
A) Raise the price, which increases the quantity demanded and decreases the quantity supplied until the shortage is eliminated.
B) Raise the price, which decreases the quantity demanded and increases the quantity supplied until the shortage is eliminated.
C) Lower the price, which increases the quantity demanded and decreases the quantity supplied until the shortage is eliminated.
D) Lower price, which decreases the quantity demanded and increases the quantity supplied until the shortage is eliminated.
When a shortage exists in a market, sellers:
A) Raise the price, which increases the quantity demanded and decreases the quantity supplied until the shortage is eliminated.
B) Raise the price, which decreases the quantity demanded and increases the quantity supplied until the shortage is eliminated.
C) Lower the price, which increases the quantity demanded and decreases the quantity supplied until the shortage is eliminated.
D) Lower price, which decreases the quantity demanded and increases the quantity supplied until the shortage is eliminated.
Joshua StredderLv10
22 Oct 2020
