
-The table shows the demand and supply schedules for jeans.
A) At $60 a pair, there is a shortage of jeans and the price will fall.
B) At $60 a pair, there is a surplus of jeans and the price will rise.
C) At $40 a pair, there is a shortage of jeans and the price will rise.
D) At $40 a pair, there is a shortage of jeans and the price will fall.
Correct Answer:
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Q249: Q250: When there is a surplus in the Q251: When the price of a good is Q252: If the quantity supplied exceeds the quantity Q253: If the quantity demanded exceeds the quantity Q255: The existence of a shortage 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![]()
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