Solved

Which of the Following Is Likely to Be True for a Market

Question 58

Multiple Choice

Which of the following is likely to be true for a market that is NOT in equilibrium?


A) There are no shortages or surpluses in the market.
B) The quantity demanded of the good equals the quantity supplied.
C) Buyers benefit from trading in a market where the price is below the equilibrium price.
D) Sellers are likely to adopt strategies like discounting.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents