Suppose a market begins in equilibrium. If supply increases, then at the original equilibrium price the quantity demanded is
A) is less than the quantity supplied and a shortage results.
B) exceeds the quantity supplied and a shortage results.
C) exceeds the quantity supplied and a surplus results.
D) is less than the quantity supplied and a surplus results.
Correct Answer:
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Q239: Which of the following is the best
Q240: A price below the equilibrium price results
Q241: Q242: If the quantity supplied exceeds the quantity Q243: Q245: Q246: A shortage causes the Q247: The existence of a shortage 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