The price of a good will fall if
A) there is a surplus at the current price.
B) the current price is less than the equilibrium price.
C) the price of a complement in consumption falls.
D) the quantity demanded exceeds the quantity supplied.
Correct Answer:
Verified
Q244: Suppose a market begins in equilibrium. If
Q245: Q246: A shortage causes the Q247: The existence of a shortage Q248: Q250: If there exists a shortage in the Q251: When there is a surplus in the Q252: If the price is above the equilibrium Q253: A surplus occurs when the price is Q254: 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
A) price to fall.
B)
A) is impossible
A)
