Business

Jenny Mccarthy

13 August, 14:41

The current market price for good y is above the equilibrium price, and then the price of a subsitute good, x, increases. the demand curve for good y shifts as a result. what is the likely outcome of the demand shift?

a. the shortage decreases.

b. the surplus increases.

c. the surplus decreases.

d. the shortage increases.

+2

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