Whenever there is a shortage at a particular price, the quantity sold at that price will equal:
a. the quantity demanded at that price
b. the quantity supplied minus the quantity demanded.
c. the quantity supplied at that price.
d. (quantity demanded plus quantity supplied)/2.
c
Economics
You might also like to view...
Ceteris paribus, if the market demand for a product decreases, then equilibrium quantity will (be) ____ and equilibrium price will (be) ____
a. increase; increase b. indeterminate; decrease c. indeterminate; increase d. decrease; decrease
Economics
The real interest rate can be estimated by:
A. subtracting the pure interest rate from the nominal interest rate. B. dividing the nominal interest rate by the consumer price index. C. subtracting the nominal interest rate from the rate of inflation. D. subtracting the rate of inflation from the nominal interest rate.
Economics