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If the quantity demanded of

  1. Which statement describes a surplus in a market?Quantity demanded is lower than quantity supplied. Quantity demanded is higher
  2. Which is TRUE about shortage?Group of answer choices The quantity demanded is greater than the quantity supplied. Buyers are
  3. Price elasticity of demand is expressed as percentage change in Blank______ divided by the percentage change in Blank______.Mult
  4. .Surplus is _____. a situation in which quantity demanded is greater than quantity supplied the point at which quantity demanded
  5. If a section of a demand curve is elastic, what will happen to the quantity demanded if there is an increase in price?(1 point)R
  6. What effect will a drop in price most likely have?change the law of demand stabilize the quantity demanded of goods decrease the
  7. .What effect will a drop in price most likely have? stabilize the quantity demanded of goods decrease the quantity demanded of
  8. If a section of a demand curve is elastic, what will happen to the quantity demanded if there is an increase in price?(1 point)R
  9. If a section of a demand curve is elastic, what will happen to the quantity demanded if there is an increase in price?(1 point)R
  10. If a section of a demand curve is elastic, what will happen to the quantity demanded if there is an increase in price?(1 point)R