Author Question: If the price of a video rental is below its equilibrium price, there will be a ________ of video ... (Read 67 times)

biggirl4568 · **on:** Jun 29, 2018

If the price of a video rental is below its equilibrium price, there will be a ________ of video rentals and the price will ________.

A) shortage; rise
B) shortage; fall
C) surplus; rise
D) surplus; fall

Question 2

The above figure depicts an economy

A) with an inflationary gap.
B) with a recessionary gap.
C) producing at full employment.
D) None of the above answers is correct.