If there is currently a shortage of 20 units of the good, then the law of a. demand predicts that the price will rise by $2 to eliminate the shortage. b. supply predicts that the price will rise by $2 to eliminate the shortage. c. supply and demand predicts that the price will rise by $2 to eliminate the shortage. d. supply and demand predicts that the price will fall by $2 to eliminate the shortage
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If there is currently a shortage of 20 units of the good, then the law of a. demand predicts that the price will rise by $2 to eliminate ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Henry lives in fifteenth-century England. He is bound to the land but does not own it. He works the land but must give a portion of his harvest to the landowner. In return, he receives protection from bandits and thieves. Henry is a
Answers (1)
David is a small business owner who thinks it is more important to spend money on marketing his current product line than to invest in research to develop new products. Which psychological bias is David displaying?
Answers (1)
Feelings can be hurt by mutually respecting coworkers.
Answers (1)
Match the correct answer with the appropriate term. Group of answer choices: a) A manifestation of fear where the mind is focused on future events. b) The conscious preoccupation with undesirable past thoughts and behaviors.
Answers (1)
Delegate who officially proposed independence in cogress
Answers (1)
New Questions in Social Studies
Which best comparesWhich best compares genetic engineering and cloning of animals? Both result in offspring with a single, specific desirable trait. Both result in offspring that are genetically identical to the original organism.
Answers (1)
Harriet Tubman text evidence
Answers (1)
When Diana talks to her baby, she uses simple words and short sentences, a high-pitched voice, and exaggerated intonations and facial expressions. Diana is using a form of speech that is formally called:
Answers (1)
In a speech at a research conference, a computer expert stated that shopping centers would become obsolete in the future.
Answers (1)
Why didn't the United States open a trade route to China until after the revolutionary war
Answers (1)