If the price of tomatoes is $5 per pound but then falls to $4 per pound åfter a change in demand. there would have been a shortage at $5 There would be a shortage at $4 there would have been a surplus at $5 there would be a surplus at $4
If the price of tomatoes is $5 per pound but then falls to $4 per pound åfter a change in demand. there would have been a shortage at $5 There would be a shortage at $4 there would have been a surplus at $5 there would be a surplus at $4
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 21P
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Transcribed Image Text:If the price of tomatoes is $5 per pound but then falls to $4 per pound after a change
in demand.,
there would have been a shortage at $5
There would be a shortage at $4
there would have been a surplus at $5
there would be a surplus at $4
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