Macroeconomics 11th Edition by Stephen Slavin

Exercise 33

Before you get started, you'll find it's much easier to answer many of these questions by first sketching a graph of a supply and demand curve. In fact, that graph will help you answer the first four questions.
Circle the letter that corresponds to the best answer.
When quantity demanded is greater than quantity supplied, ______.
a) market price will rise
b) market price will fall
c) market price will stay the same