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dietdrpepper dietdrpepper
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2 months ago

The price of X was $10 in year 1 and $14 in year 2. Which of the following could be the correct reason for the rise in price?



▸

The demand for X was higher in year 2 than in year 1, ceteris paribus.



▸

The supply of X was lower in year 2 than in year 1, ceteris paribus.



▸

The demand was higher, and the supply was lower, in year 2 than in year 1.



▸

a and b



▸

a, b, and c

Textbook 
Economics

Economics


Edition: 12th
Author:
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chinwe20chinwe20
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2 months ago
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a, b, and c
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dietdrpepper Author
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2 months ago
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fxinternational
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amandamraz
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Brilliant ツ
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