PRICE $4 Supply Demand 0 10 QUANTITY (units) In the market shown in the graph above, at a price of $5, there will be D A a surplus and the price will eventually fall B a surplus generating a decrease in demand a shortage and the price will eventually rise a shortage generating an increase in supply
PRICE $4 Supply Demand 0 10 QUANTITY (units) In the market shown in the graph above, at a price of $5, there will be D A a surplus and the price will eventually fall B a surplus generating a decrease in demand a shortage and the price will eventually rise a shortage generating an increase in supply
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
Problem 3ST
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Question
![PRICE
$4
Supply
Demand
0
10
QUANTITY (units)
In the market shown in the graph above, at a price of $5, there will be
(A)
a surplus and the price will eventually fall
D
B
a surplus generating a decrease in demand
a shortage and the price will eventually rise
a shortage generating an increase in supply
ய
E
an increase in supply and a decrease in demand](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6bf2c9fb-dda0-48ec-8801-b942d39fc242%2F14f9a59b-eaba-45a4-8423-90305a549ad4%2Fjx902yy_processed.jpeg&w=3840&q=75)
Transcribed Image Text:PRICE
$4
Supply
Demand
0
10
QUANTITY (units)
In the market shown in the graph above, at a price of $5, there will be
(A)
a surplus and the price will eventually fall
D
B
a surplus generating a decrease in demand
a shortage and the price will eventually rise
a shortage generating an increase in supply
ய
E
an increase in supply and a decrease in demand
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