The forces of demand and supply ensure that at equilibrium
A) there are no shortages or surpluses.
B) there are no shortages,but there may be surpluses.
C) there are no surpluses,but there may be shortages.
D) there may be shortages or surpluses.
Correct Answer:
Verified
Q15: Q16: The market price _ the equilibrium price. Q17: Q18: As price rises,the quantity _ rises. Q19: If market price is above equilibrium price, Q21: In a market where the forces of Q22: If demand rises and supply remains the Q23: The demand curve slopes Q24: In general demand curves slope _ and Q25: The law of supply
A)can
A)demanded
B)supplied
C)demanded and
A)quantity
A)upward to the right.
B)upward
A)states that price and
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