Multiple Choice
If the price is above the equilibrium price, then there is a
A) surplus, and market forces will operate to lower price.
B) shortage, and market forces will operate to lower price.
C) shortage, and market forces will operate to raise price.
D) surplus, and market forces will operate to raise price.
Correct Answer:
Verified
Related Questions
Q247: The existence of a shortage
A) is impossible
Q248: Q249: The price of a good will fall Q250: If there exists a shortage in the Q251: When there is a surplus in the Q253: A surplus occurs when the price is
A)
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