anonymous
  • anonymous
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)
Economics - Financial Markets
  • Stacey Warren - Expert brainly.com
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jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
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tkhunny
  • tkhunny
In general, falling prices create less incentive to produce and more incentive to buy. Where does that leave us?
anonymous
  • anonymous
Selling more because the price in lowered?

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tkhunny
  • tkhunny
...and producing less. We call this a shortage.
anonymous
  • anonymous
Oh! Ok thank you

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