Business, 07.04.2020 22:48 meganwintergirl
Market X can be divided into two submarkets, A and B. The supply in each submarket is the same, but the demand in submarket A is greater than the demand in submarket B. If submarket B is in equilibrium, it follows that :
a. submarket A is in equilibrium.
b. there is a shortage in submarket A.
c. there is a surplus in submarket A.
d. there is a shortage in submarket B only if there is a surplus in submarket A.
e. none of the above
Answers: 2
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Market X can be divided into two submarkets, A and B. The supply in each submarket is the same, but...
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