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1.When quantity demanded exceeds quantity supplied, a occurs, putting pressure on the price. a. shortage; upward b. shortage; downward c. surplus; upward d. surplus; downward
1.When quantity demanded exceeds quantity supplied, a occurs, putting pressure on the price.
a. shortage; upward
b. shortage; downward
c. surplus; upward
d. surplus; downward
2.Which event would increase the supply of pork sausage?
a. a news release that provides details about the ingredients in pork sausage
b. an increase in the number of chicken sausage buyers
c. a decrease in the price of ingredients used to produce sausage
d. an increase in the number of pork sausage buyers
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