Figure 19.2.1
-Refer to Figure 19.2.1 above. Which of the following statements is true?
A) The price of a shovel increases to $40 during a snow storm, and Q1 units are sold.
B) The price of shovels increases to $25 during a snow storm, and the quantity sold would range between Q1 and Q2.
C) The price of shovels during a snow storm remains at $20, but quantity demanded increases to Q2 units.
D) An increase in the price of shovels, from $20 to as much as $40, is considered fair during a snow storm.
Correct Answer:
Verified
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