If a market is NOT in equilibrium, which of the following is likely to occur?
A) The supply curve will shift to bring the market to equilibrium.
B) The price will adjust to bring the market to equilibrium.
C) The demand curve will shift to bring the market to equilibrium.
D) Both A and B are correct.
Correct Answer:
Verified
Q47: People buy more of good 1 when
Q144: Ham and eggs are complements. If the
Q145: Each point on the demand curve reflects
A)
Q146: If consumers but not producers expect that
Q147: How many sides does a market have?
A)
Q148: For "an increase in the quantity demanded"
Q150: As the relative price of a good
Q152: An increase in the expected future price
Q153: If the money price of wheat increases
Q154: Because of increasing marginal cost, most supply
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