quiz#3 - A A.price of outboard...

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Sheet1 Page 1 18.Because of unseasonably cold weather, the supply of oranges has substantially decreased. This statement indicates that: C A.the equilibrium quantity of oranges will rise. B.the demand for oranges will necessarily rise. C.the amount of oranges that will be available at various prices has declined.<----------------- CORRECT ANSWER D.the price of oranges will fall. 19.A decrease in the demand for recreational fishing boats might be caused by an increase in the:
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Unformatted text preview: A A.price of outboard motors. <<<_-------------------------------correctanswer B.income of sports fishers. C.size and number of fish available. D.price of sailing boats. 20.(Advanced analysis) Answer the next question(s) on the basis of the following information. The demand for commodity X is Refer to the above information. The equilibrium price for X is: B A.$2. B.$6.<<------------------correct answer C.$4. D.$7....
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