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When there is a shortage of a product in an unregulated market, there is a tendency for

A. Price to rise.

B. Price to fall.

C. Quantity demanded to increase.

D. Quantity supplied to decrease.

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Prachi Dabas
Prachi DabasLv10
1 Oct 2020

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Related questions

13) If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 8,000 per year, there is a in the market and the price will A) surplus; rise B) shortage, rise C) surplus; fall D) shortage; fall E) surplus; either rise or fall depending on whether supply increases to meet the surplus

30) If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 8,000 per year, there is a _ in the market and the price will A) shortage; fall B) shortage; rise C) surplus; fall D) surplus; rise E) surplus; either rise or fall depending on whether supply increases to meet the surplus

The point at which the supply curve and the demand curve intersect is called:

A. Equilibrium, because quantity demanded equals quantity supplied so there is no tendency for price to change.

B. Equilibrium, because quantity demanded exceeds quantity supplied so there is a shortage

C. Equilibrium, because quantity supplied exceeds quantity demanded so there is a surplus

D. Irrelevant, because real-world prices never reach this point 

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