Multiple Choice
When the price is $5
A) quantity supplied is greater than quantity demanded and,therefore,price must rise to get to equilibrium.
B) quantity supplied is greater than quantity demanded and,therefore,price must fall to get to equilibrium.
C) quantity demanded is greater than quantity supplied and,therefore,price must rise to get to equilibrium.
D) quantity demanded is greater than quantity supplied and,therefore,price must fall to get to equilibrium.
Correct Answer:
Verified
Related Questions
Q90: Price ceilings keep market price
A)above the equilibrium
