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

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter5: Markets In Motion And Price Controls
Section: Chapter Questions
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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

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