When excess demand occurs in a free market, there is a tendency for
A) the price to fall.
B) the price to rise.
C) the quantity demanded to rise.
D) the quantity supplied to fall.
Correct Answer:
Verified
Q26: Which of the following is the most
Q27: Reasons for supply curves being positively sloped
Q28: Which of the following is not a
Q29: Which of the following will cause a
Q30: If the market price is below equilibrium,
Q32: When excess supply occurs in a free
Q33: In a free market, if there is
Q34: The following diagram shows the demand for
Q35: The following diagram shows the demand for
Q36: If house prices rise faster than other
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents