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Exhibit 3-5 Demand and Supply Data for Radios

Question 46

Multiple Choice

Exhibit 3-5 Demand and supply data for radios
Exhibit 3-5 Demand and supply data for radios -In Exhibit 3-5,at any market price of radios below $55,a/an _____ would result,causing the price to _____. A) excess demand; rise B) excess supply; rise C) excess demand; fall D) excess supply; fall E) shortage; rise
-In Exhibit 3-5,at any market price of radios below $55,a/an _____ would result,causing the price to _____.


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

Correct Answer:

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