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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)

Look at the graph. The retailer decreased the price of green glass ornaments to $10. Which-example-1
User Astaar
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2 Answers

5 votes
B.. I might be wrong tho. Lol
User Michael Washington
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6 votes
The answer for your question is B. A shortage, because the price is lower than equilibrium price.
User Besik
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