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Exhibit 3-8  Demand and Supply Data for Radios in Exhibit

Question 304

Multiple Choice

Exhibit 3-8  Demand and supply data for radios Exhibit 3-8  Demand and supply data for radios In Exhibit 3-8, at any market price of radios above $50, a(n) ____ would result, causing price to ____. A) excess demand; rise B) excess supply; rise C) excess demand; fall D) excess supply; fall E) shortage; rise In Exhibit 3-8, at any market price of radios above $50, a(n) ____ would result, causing price to ____.


A) excess demand; rise
B) excess supply; rise
C) excess demand; fall
D) excess supply; fall
E) shortage; rise

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