Table 2.11 depicts the market for mushrooms (in thousands of kilograms per month) .
-What is the effect of a shortage?
A) It will cause a decrease in the price,leading to an increase in the quantity supplied and a decrease in the quantity demanded.
B) It will cause a decrease in the price,leading to a decrease in the quantity supplied and an increase in the quantity demanded.
C) It will cause an increase in the price,leading to an increase in the quantity supplied and a decrease in the quantity demanded.
D) It will cause an increase in the price,leading to a decrease in the quantity supplied and an increase in the quantity demanded.
Correct Answer:
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Q128: Table 2.11 depicts the market for mushrooms
Q129: Which of the following factors will shift
Q130: Q131: All else held constant,a decrease in demand Q132: Which of the following pairs of goods Q134: Table 2.11 depicts the market for mushrooms Q135: How will the demand and supply of Q136: All else held constant,a decrease in supply Q137: All of the following,except one,would cause an Q138: A rightward shift in the supply curve
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