In the above figure, a price of $15 per dozen for roses would result in
A) equilibrium.
B) a shortage.
C) a surplus.
D) downward pressure on prices.
B
Economics
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Granting all producers access to transmission lines opened up an effective market for electricity
Indicate whether the statement is true or false
Economics
Suppose that the cross price elasticity of demand between goods A and B equals 1.5. Which of the following is TRUE?
A) A and B are complements because the cross price elasticity is greater than one. B) A and B are complements because the cross price elasticity is positive. C) A and B are substitutes because the cross price elasticity is greater than one. D) A and B are substitutes because the cross price elasticity is positive.
Economics