If a market is NOT in equilibrium, then which of the following is likely to occur?
A) The demand curve will shift to bring the market to equilibrium.
B) The price will adjust to bring the market to equilibrium.
C) The supply curve will shift to bring the market to equilibrium.
D) Both A and B are correct.
Correct Answer:
Verified
Q239: Q240: Q241: When a market is in equilibrium, Q242: When a market is in equilibrium Q243: The quantity supplied of a good or Q245: An increase in the number of producers Q246: When the price is below the equilibrium Q247: The wage rate paid by Walkman producers Q248: Which of the following correctly describes how Q249: The interaction of supply and demand explains
A) the
A) there
A)
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