-Refer to the figure above. If the price of sunglasses is currently $70, market forces will cause the quantity supplied to _________ and the quantity demanded to ________________until the price is equal to the equilibrium price.
A) decrease; decrease
B) increase; decrease
C) increase; increase
D) decrease; increase
Correct Answer:
Verified
Q71: If the Qd = (12 million)- (1
Q72: If the equilibrium price for a half
Q73: If there is a shortage in the
Q74: For a particular product the Qd =
Q75: If the Qd = (18 million)- (3
Q77: For a particular product the Qd =
Q78: If the Qd = (50 million)- (4
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