When the market price of a good is below its equilibrium price,competition among
A) buyers will push the price up.
B) buyers will push the price down.
C) sellers will push the price up.
D) sellers will push the price down.
Correct Answer:
Verified
Q45: If the demand for mushrooms increases while
Q46: When quantity supplied equals quantity demanded,
A)there is
Q47: When the demand for a product decreases
Q48: Shortages are associated with price _;surpluses are
Q49: When the supply of a good increases
Q51: According to the law of demand,the
A)quantity demanded
Q52: When supply increases
A)demand decreases.
B)price increases because excess
Q53: For there to be demand for a
Q54: Which statement is true?
A)The quantity demanded is
Q55: An increase in demand occurs when
A)quantity demanded
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