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
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
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
Problem 1WNG
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Question
In which of the following statements are the terms"
a) Changes in demand and supply causes in the
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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