In which of the following statements are the terms"demand," "supply," "quantity demanded," or "quantity supplied" used correctly? a) Changes in demand and supply causes in the equilibrium price. b)If the price rises, supply rises. c) The prices of oranges is cheaper in Florida and therefore the deman is greater in Florida d)When supply exceeds demand the equilibrium price will rise e) all of the above

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
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In which of the following statements are the terms"demand," "supply," "quantity demanded," or "quantity supplied" used correctly?

a) Changes in demand and supply causes in the equilibrium price.

b)If the price rises, supply rises.

c) The prices of oranges is cheaper in Florida and therefore the deman is greater in Florida

d)When supply exceeds demand the equilibrium price will rise

e) all of the above 

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