Suppose chocolate-dipped strawberries are currently selling for $30 per dozen,but the equilibrium price of chocolate-dipped strawberries is $20 per dozen.We would expect a
A) shortage to exist and the market price of chocolate-dipped strawberries to increase.
B) shortage to exist and the market price of chocolate-dipped strawberries to decrease.
C) surplus to exist and the market price of chocolate-dipped strawberries to increase.
D) surplus to exist and the market price of chocolate-dipped strawberries to decrease.
Correct Answer:
Verified
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A)there
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A)raise
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Q31: If,at the current price,there is a shortage
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A)there
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