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If the Market Price Is Above the Equilibrium Price, There

Question 362

Multiple Choice

If the market price is above the equilibrium price, there will be a tendency for price to decrease, causing


A) the quantity demanded to decrease and the quantity supplied to increase until they are equal.
B) the quantity demanded to increase and the quantity supplied to decrease until they are equal.
C) both quantity demanded and quantity supplied to decrease until they are equal.
D) both quantity demanded and quantity supplied to increase until they are equal.

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