Refer to the figure below. If the price is $4 today and there is no change in either supply or demand, one would expect the price in the future to be:
A) $4.
B) less than $4.
C) greater than $6.
D) greater than $4.

Question

Refer to the figure below. If the price is $4 today and there is no change in either supply or demand, one would expect the price in the future to be:  
A) $4. 
B) less than $4. 
C) greater than $6. 
D) greater than $4.

Quizplus · Accepted Answer

At a price of $4, the quantity demanded is greater than the quantity supplied, so price will rise.

Refer to the Figure Below