Question
In the long run, if there is a shortage in the market for a product, the guiding (Allocation) function of price can be expected to
In the long run, if there is a shortage in the market for a product, the guiding (Allocation) function of price can be expected to cause
A. An increasing shift in the demand for the product
B. A decreasing shift in the demand for the product
C. An increase shift in the supply of the product.
D. A decreasing shift in the supply of the product
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D A decreasing shift in the supply of the product In the long run when seller knows tha...
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
