Multiple Choice
If there exists a shortage in the market for snowmobiles, then the price of a snowmobile will
A) fall.
B) neither rise nor fall.
C) at first fall then rise.
D) rise.
Correct Answer:
Verified
Related Questions
Q245: Q246: A shortage causes the Q247: The existence of a shortage Q248: Q249: The price of a good will fall Q251: When there is a surplus in the Q252: If the price is above the equilibrium Q253: A surplus occurs when the price is Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) price to fall.
B)
A) is impossible
A)