23-12-2016
Business

contestada

Look at the graph. The retailer decreased the price of green glass ornaments to $10. Which of these would occur?

A. A new equilibrium point, because the demand would decrease
B. A shortage, because the price is lower than equilibrium price
C. A surplus, because the price is lower than equilibrium price
D. Selling more ornaments, because reducing the price would increase supply
(Graph is down below)

Look at the graph The retailer decreased the price of green glass ornaments to 10 Which of these would occur A A new equilibrium point because the demand would class=

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Аноним Аноним

23-12-2016

B.. I might be wrong tho. Lol

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Аноним Аноним

23-12-2016

The answer for your question is B. A shortage, because the price is lower than equilibrium price.

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