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Suppose the Following Figure Represents the Market for Tomatoes, and the Current

Question 22

Multiple Choice

Suppose the following figure represents the market for tomatoes, and the current price is $2. At this price, a shortage of _____ tomatoes would result, and in a free market, prices would _____ until equilibrium is achieved.
Suppose the following figure represents the market for tomatoes, and the current price is $2. At this price, a shortage of _____ tomatoes would result, and in a free market, prices would _____ until equilibrium is achieved.   A)  40; increase B)  40; decrease C)  50; increase D)  50; decrease


A) 40; increase
B) 40; decrease
C) 50; increase
D) 50; decrease

Correct Answer:

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