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.
B. an increase in the quantity of mushrooms sold and an increase in their price.
Economics
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In a fractional-reserve banking system, a bank
a. does not make loans. b. does not accept deposits. c. keeps only a fraction of its deposits in reserve. d. None of the above is correct.
Economics
Identify the factors that affect elasticity of demand
What will be an ideal response?
Economics