When the price is $3
A) quantity supplied is greater than quantity demanded and,therefore,price must rise to get back to equilibrium.
B) quantity supplied is greater than quantity demanded and,therefore,price must fall to get back to equilibrium.
C) quantity demanded is greater than quantity supplied and,therefore,price must rise to get back to equilibrium.
D) quantity demanded is greater than quantity supplied and,therefore,price must fall to get back to equilibrium.
E) None of these choices are correct.
Correct Answer:
Verified
Q114: Which statement is false?
A)Rent control is a
Q115: If the price ceiling is set above
Q116: Which of the following government programs will
Q117: If quantity demanded is greater at each
Q118: A decrease in equilibrium quantity would result
Q120: When market price is below equilibrium price
A)a
Q121: When quantity supplied is greater than quantity
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