If a farmer has a shortage of pumpkins, but the demand stays the same, what happens to the price of the pumpkins? The price is regulated by the government. The price stays the same. The price increases. The price decreases.

If a farmer has a shortage of pumpkins, but the demand stays the same, what happens to the price of the pumpkins? The price is regulated by the government. The price stays the same. The price increases. The price decreases.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter3: Market Demand And Supply

Section: Chapter Questions

Problem 13SQ

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Question

If a farmer has a shortage of pumpkins, but the demand stays the same, what happens to the price of the pumpkins?

	The price is regulated by the government.
	The price stays the same.
	The price increases.
	The price decreases.

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