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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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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