Multiple Choice
The following question are based on the following graph showing the market for corn:

-If the quantity supplied were less than the quantity demanded at a particular price,the equilibrium price would be achieved by
A) rationing.
B) a decrease in supply.
C) an increase in the price that increases the quantity supplied and decreases the quantity demanded.
D) the piling up of inventories until firms were forced to lower the price.
E) an increase in demand that would induce firms to step up production.
Correct Answer:

Verified
Correct Answer:
Verified
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