If the demand for mushrooms increases while the supply remains unchanged,this will result in
A) a shortage of mushrooms as the market price remains unchanged.
B) an increase in the quantity of mushrooms sold and an increase in their price.
C) an increase in the quantity of mushrooms sold but no change in price.
D) a decrease in the quantity of mushrooms sold and an increase in their price.
Correct Answer:
Verified
Q40: There is a shortage of quantity demanded
Q41: Demand is defined as
A)the quantity people would
Q42: The demand curve shows the relationship between
A)the
Q43: When a price ceiling that has an
Q44: Which situation below would represent a surplus
Q46: When quantity supplied equals quantity demanded,
A)there is
Q47: When the demand for a product decreases
Q48: Shortages are associated with price _;surpluses are
Q49: When the supply of a good increases
Q50: When the market price of a good
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