Business, 11.02.2020 05:02 diamondalize21p84czi

Which of the following correctly describes how price adjustments eliminate a shortage?

A. As the price falls, the quantity demanded increases while the quantity supplied decreases.
B. As the price rises, the quantity demanded decreases while the quantity supplied increases.
C. As the price falls, the quantity demanded decreases while the quantity supplied increases.
D. As the price rises, the quantity demanded increases while the quantity supplied decreases.

Answers: 1

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Which of the following correctly describes how price adjustments eliminate a shortage?

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