asked 152k views
3 votes
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 would decrease
B. A shortage, because the price is lower than equilibrium price
C. A surplus, because the price is lower than equilibrium price
D. Selling 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-example-1
asked
User Astaar
by
8.4k points

2 Answers

5 votes
B.. I might be wrong tho. Lol
6 votes
The answer for your question is B. A shortage, because the price is lower than equilibrium price.
answered
User Besik
by
8.4k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories