When new roofing contractors entered the southern California market after the El Niño storms of 1997:
A) the quantity supplied increased as a result.
B) the supply increased.
C) the demand for local roofers fell, and most were forced out of business because of low prices.
D) B and C occurred.
Correct Answer:
Verified
Q201: Price changes for complements and substitutes have
Q202: If demand and supply both decrease:
A) both
Q205: The law of demand implies that the
Q205: Reference: ma03202 Q208: It's certain that the equilibrium price will Q212: Use the following to answer questions .
Exhibit:
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