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Even When the Demand for One Good Is High, the Price

Question 204

Multiple Choice

Even when the demand for one good is high, the price of the good is also affected by supply.The textbook illustrates this by comparing the price of two items.Which of the following describes the value of these items?


A) A Sidney Crosby hockey card sold for a higher price than a Jacques Plante hockey card.
B) A Sidney Crosby hockey card sold for a higher price than a Wayne Gretzsky hockey card.
C) A Jacques Plante hockey card sold for a higher price than a than a Patrick Roy hockey card.
D) A Jacques Plante hockey card sold for a higher price than a Sidney Crosby hockey card.

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