Multiple Choice
If the price is above the equilibrium price, then there is a
A) surplus, and market forces will operate to lower price.
B) surplus, and market forces will operate to raise price.
C) shortage, and market forces will operate to lower price.
D) shortage, and market forces will operate to raise price.
Correct Answer:
Verified
Related Questions
Q241: Suppose the equilibrium price for soft drinks
Q242: A surplus occurs when the price is
A)
Q243: A shortage causes the
A) demand curve to
