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AssignmentMultiple Dropdowns

Determining Market Price

Question 2 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

Choose whether each scenario demonstrates equilibrium, surplus, or shortage.. The price of a product has dropped greatly, and store owners do not have enough of the item to meet demand. Demand for a new truck is beginning to increase, but car dealerships still have too many of these trucks on their lots. The price for a popular holiday toy has risen too high, and consumers are not purchasing items in stock on store shelves.

Answer
Selection 1:

shortage

Selection 2:

surplus

Selection 3:

surplus

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