In the above figure, a price of $15 per dozen roses would result in a ________ so that the price of roses will ________
A) surplus; rise
B) surplus; fall
C) shortage; rise
D) shortage; fall
C
Economics
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An increase in the opportunity cost of holding money creates a ________ the money demand curve and an increase in real GDP creates a ________ the money demand curve
A) leftward shift of; movement down along B) rightward shift of; movement down along C) movement up along; leftward shift of D) movement up along; rightward shift of
Economics
Price makers do not have market power
Indicate whether the statement is true or false
Economics