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Exhibit 4-9 Data on Supply and Demand in Exhibit 4-9

Question 120

Multiple Choice

Exhibit 4-9 Data on supply and demand Exhibit 4-9 Data on supply and demand In Exhibit 4-9, which of the following would occur at a price of $2.00? A) Inventories would put upward pressure on price. B) Quantity demanded exceeds quantity supplied, putting downward pressure on price. C) Inventories would put downward pressure on price. D) The surplus would be so small that there would be only slight downward pressure on price. In Exhibit 4-9, which of the following would occur at a price of $2.00?

A) Inventories would put upward pressure on price.
B) Quantity demanded exceeds quantity supplied, putting downward pressure on price.
C) Inventories would put downward pressure on price.
D) The surplus would be so small that there would be only slight downward pressure on price.

Correct Answer: