When a shortage exists in a market
A) the market clearing price is above equilibrium and market forces will cause the price to fall.
B) the quantity demanded is less than the quantity supplied at the existing price.
C) the current price is below the market clearing price and the price will rise.
D) the quantity supplied is greater than the quantity demanded at the current price.
Answer: C
Economics
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A) 2%. B) 8%. C) 20%. D) 14%.
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State the case for and the case against currency bailouts.
What will be an ideal response?
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