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
During the early Industrial Age, which group had the most economic power?
Answers (1)
What is the most common way citizens were able to change their absolute monarchies into constitutional monarchies?
Answers (1)
What does the protection against no double jeopardy mean?
Answers (1)
What is the approximate average cost to raise a child until age 18?
Answers (2)
Formal membership in a nation state is known as
Answers (1)
New Questions in Social Studies
In the Chinese city of Beijing, what impressed Marco Polo? A) the rare jewels B) the unusual food C) the expensive homes D) the greatness of the ruler
Answers (1)
Nine justices sit on which court?
Answers (1)
Which of the following does the statement, "People are promoted into positions they are not qualified to perform" relate to? a. Weber's model of bureaucracies c. Kaisha b. the Peter Principle d. iron law of oligarchy
Answers (1)
What role do Chinese dragons play in their culture
Answers (1)
Something that keeps goods from moving in or out
Answers (1)