In which of the following statements are the terms demand, supply, quantity demanded, and quantity supplied used
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(A) when the quantity demanded exceeds supply, the equilibrium price will rise (B)Oranges are cheaper in Florida, and therefore the demand is greater in Florida (C)If the demand rises, supply rises (D) All of these (E) changes in the demand and supply cause changes in the equilibrium price
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A Correct In any market if quantity demanded exceeds supply a market shortage ...View the full answer
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