When the price of a good is
A) below the equilibrium price, quantity supplied exceeds quantity demanded and price rises.
B) above the equilibrium price, quantity demanded exceeds quantity supplied and price rises.
C) above the equilibrium price, quantity supplied exceeds quantity demanded and price falls.
D) below the equilibrium price, quantity demanded exceeds quantity supplied and price falls.
Correct Answer:
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Q252: If the price is above the equilibrium
Q253: A surplus occurs when the price is
A)
Q254: Q255: Suppose the equilibrium price for soft drinks Q256: If the quantity demanded exceeds the quantity 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
