T 35. If a shortage exists in a market, then we know that the actual price is a. b. C. d. b. C. above the equilibrium price, and quantity supplied is greater than quantity demanded. 36. Consider the following four statements, and which one do you think would be true? a. The demand of mint-flavored toothpaste is less price-elastic when compares to the demand of toothpaste. d. above the equilibrium price, and quantity demanded is greater than quantity supplied. below the equilibrium price, and quantity demanded is greater than quantity supplied. below the equilibrium price, and quantity supplied is greater than quantity demanded. Diamond earrings have a more price-elastic demand than salt does. The demand of gasoline over the course of a week is more price-elastic when compares to the demand of gasoline over the course of a year. Breakfast cereal's demand is less price-elastic than the demand of sunglasses. 36. Consider the following four statements, and which one do you think would be true? a. The demand of mint-flavored toothpaste is less price-elastic when compares to the demand of toothpaste. Diamond earrings have a more price-elastic demand than salt does. The demand of gasoline over the course of a week is more price-elastic when compares to the demand of gasoline over the course of a year. Breakfast cereal's demand is less price-elastic than the demand of sunglasses. b. C. d.