If there exists a shortage in the market for snowmobiles, then the price of a snowmobile will
A) rise.
B) fall.
C) neither rise nor fall.
D) at first fall then rise.
Let's find answer to your question.
If there exists a shortage in the market for snowmobiles, then the price of a snowmobile will
A) rise.
B) fall.
C) neither rise nor fall.
D) at first fall then rise.