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Author Question: Which of the following correctly describes how price adjustments eliminate a shortage? (Read 66 times)

Hungry!

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on: May 25, 2020
Which of the following correctly describes how price adjustments eliminate a shortage?
◦ As the price falls, the quantity demanded will increase and the quantity supplied will also increase.
◦ As the price rises, the quantity demanded will increase while the quantity supplied will decrease.
◦ As the price rises, the quantity demanded will decrease while the quantity supplied will increase.
◦ As the price falls, the quantity demanded will decrease while the quantity supplied will increase.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by Hungry! on May 25, 2020

jharrington11

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Hungry!

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

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Reply 3 on: Yesterday
Excellent

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