Solved

Figure 19.2.1 -Refer to Figure 19.2.1 Above. During a Snow Storm

Question 28

Multiple Choice

Figure 19.2.1 -Refer to Figure 19.2.1 above. During a snow storm, A) the price of shovels and the quantity demanded increase. B) the price of shovels increases, but the quantity sold remains at its initial level, Q<sub>1</sub>. C) the quantity of shovels increases, but the price remains at $20. D) the price of shovels settles at $40 and the quantity demanded decreases. Figure 19.2.1
-Refer to Figure 19.2.1 above. During a snow storm,

A) the price of shovels and the quantity demanded increase.
B) the price of shovels increases, but the quantity sold remains at its initial level, Q₁.
C) the quantity of shovels increases, but the price remains at $20.
D) the price of shovels settles at $40 and the quantity demanded decreases.

Correct Answer: