Now suppose that the price is 10 a milkshake. What is the situation in the milkshake market and how does the price adjust? If the price is 10 a milkshake, there is a of milkshakes, so the price of a milkshake A. surplus; falls B. shortage; falls C. shortage; rises D. surplus; rises

Question

Now suppose that the price is 10 a milkshake. What is the situation in the milkshake market and how does the price adjust? If the price is 10 a milkshake, there is a of milkshakes, so the price of a milkshake A. surplus; falls B. shortage; falls C. shortage; rises D. surplus; rises

Answer 1

To determine the situation in the milkshake market and how the price adjusts, we need to understand the relationship between supply and demand.If the price is $10 a milkshake, there is a surplus of milkshakes, so the price of a milkshake falls.Therefore, the correct answer is:A. surplus; falls

Soru

Now suppose that the price is 10 a milkshake. What is the situation in the milkshake market and how does the price adjust? If the price is 10 a milkshake, there is a of milkshakes, so the price of a milkshake A. surplus; falls B. shortage; falls C. shortage; rises D. surplus; rises

Çözüm

Cevap

Soru

Now suppose that the price is 10 a milkshake. What is the situation in the milkshake market and how does the price adjust? If the price is 10 a milkshake, there is a __ of milkshakes, so the price of a milkshake __ A. surplus; falls B. shortage; falls C. shortage; rises D. surplus; rises

Çözüm

Cevap

Now suppose that the price is 10 a milkshake. What is the situation in the milkshake market and how does the price adjust? If the price is 10 a milkshake, there is a of milkshakes, so the price of a milkshake A. surplus; falls B. shortage; falls C. shortage; rises D. surplus; rises