Multiple Choice
When consumers are willing to buy more than producers are willing to sell:
A) there is excess supply of the product in the market.
B) the demand curve will shift until the quantity supplied equals the quantity demanded.
C) the market is in equilibrium.
D) there is excess demand for the product in the market.
Correct Answer:
Verified
Related Questions
Q79: Q89: If the law of supply holds, then Q90: The market demand curve is: Q91: When Mary's income increases, she purchases fewer 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) upward sloping
