If actual price is above equilibrium price
A) demand falls.
B) supply rises.
C) shortages will emerge.
D) the quantity supplied exceeds the quantity demanded.
E) the equilibrium price rises.
Correct Answer:
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Q38: The following question are based on the
Q39: A decrease in supply
A) is unrelated to
Q40: There is neither excess supply nor excess
Q41: In a free market,producers' desires to maximize
Q42: The following question are based on the
Q44: The following question are based on the
Q45: In a free market,the price system determines
Q46: In a market economy,who gets what
A) depends
Q47: In a free market,actual price will
A) remain
Q48: The following question are based on the
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