23-12-2016
Business

Answered

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

AA new equilibrium point, because the demand would decrease
BA shortage, because the price is lower than equilibrium price
CA surplus, because the price is lower than equilibrium price
DSelling 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 w class=

Verified Answer :

Anonymous Anonymous

23-12-2016

B.. I might be wrong tho. Lol

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Anonymous Anonymous

23-12-2016

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

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