Figure 18-9

-In Figure 18-9, at price OC

Name: Figure 18-9 -In Figure 18-9, at price OC
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Figure 18-9
 
-In Figure 18-9, at price OC

Quizplus · Accepted Answer

At price OC, the quantity demanded of pasta exceeds the quantity supplied, resulting in a shortage. This shortage will lead to an increase in price, as consumers bid up the price in order to obtain the limited amount of pasta available. Therefore, option B is the correct answer. The other options, A, C, and D are not applicable in this situation.

Figure 18-9 -In Figure 18-9, at Price OC