Which one of the following correctly describes how price adjustment eliminates a shortage?
A) As the price falls, the quantity demanded increases and the quantity supplied increases.
B) As the price rises, the quantity demanded decreases and the quantity supplied increases.
C) As the price rises, the quantity demanded increases and the quantity supplied decreases.
D) As the price falls, the quantity demanded increases and the quantity supplied decreases.
E) As the price falls, the quantity demanded decreases and the quantity supplied increases.
Correct Answer:
Verified
Q87: Which one of the following correctly describes
Q88: Q89: Use the figure below to answer the Q90: Complete the following sentence.A surplus Q92: The price of a good will tend![]()
A)is the amount
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