The price of a good will fall if
A) the price of a complement in consumption falls.
B) there is a surplus at the current price.
C) the quantity demanded exceeds the quantity supplied.
D) the current price is less than the equilibrium price.
Correct Answer:
Verified
Q264: If the price is above the equilibrium
Q265: A shortage causes the
A) price to fall.
B)
Q266: Q267: A surplus occurs when the price is Q268: If there exists a shortage in the Q270: When there is a surplus in the Q271: Ticket scalpers at the NCAA basketball tournament Q272: If the quantity demanded exceeds the quantity Q273: When the price is less than the Q274: ![]()
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