A decrease in the demand for chocolate with no change in supply will create a ________ of chocolate at today's price, but gradually the price will ________
A. surplus; fall
B. shortage; fall
C. surplus; rise
D. shortage; rise
A Figure 4.11(b) on page 100 illustrates this case of a decrease in demand.
Economics
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If variables x and y move up and down together, they are
A) positively related. B) negative related. C) unrelated. D) trend related.
Economics
Karole's income rises from $50,000 to $75,000 and her income tax increases from $8,000 to $9,500.Her average tax rate is 6%
a. True b. False Indicate whether the statement is true or false
Economics