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If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 12,000 per year, there is a ______ in the market and the price will ______. A. shortage; fall B. surplus; rise C. shortage; rise D. surplus; fall 

          If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 12,000
per year, there is a ______ in the market and the price will ______.
A. shortage; fall
B. surplus; rise
C. shortage; rise
D. surplus; fall
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If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 12,000 per year, there is a in the market and the price will . A. shortage; fall B. surplus; rise C. shortage; rise D. surplus; fall

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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 12,000 per year, there is a shortage in the market and the price will fall.
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Transcript

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00:01 Hello, schwentz, we are going to write here in the market for the first year economics textbooks.
00:06 Assuming everything else remains unchanged, the equivalent price of test books will increase if i write here for this, this must be written as if i write here when supply of, we are writing here text books.
00:32 Text books, let's erase this to make it more clear.
00:38 Supply of text books if i write here increases the supply...
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