The price of a good will tend to rise when a. a temporary shortage at the current

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The price of a good will tend to rise when

a. a temporary shortage at the current price occurs (assuming no price controls are imposed).

b. a temporary surplus at the current price occurs (assuming no price controls are imposed).

c. demand decreases.

d. supply increases.

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Exploring Economics

ISBN: 9780324395464

4th Edition

Authors: Robert L. Sexton

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