Local grocery store orders 200 cases of Cola at a price of Rs. 26.00 per case. At the end of the first week, they have sold 160 cases. It will lead to a. surplus; price will rise b. surplus; price will fall c shortage; price will rise d. shortage; price will fall
Local grocery store orders 200 cases of Cola at a price of Rs. 26.00 per case. At the end of the first week, they have sold 160 cases. It will lead to a. surplus; price will rise b. surplus; price will fall c shortage; price will rise d. shortage; price will fall
Chapter5: Markets In Motion And Price Controls
Section: Chapter Questions
Problem 1P
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Local grocery store orders 200 cases of Cola at a
a. surplus; price will rise
b. surplus; price will fall
c shortage; price will rise
d. shortage; price will fall
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