When the price is $2
A) quantity supplied is greater than quantity demanded and,therefore,price must rise to get to equilibrium.
B) quantity supplied is less 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
Q100: Which statement is true?
A)Most economists support rent
Q101: When market price is above equilibrium price
A)a
Q102: _ states that price and quantity demanded
Q103: A maximum wage law,as opposed to a
Q104: If the quantities in the demand schedule
Q106: When market price is below equilibrium price
A)a
Q107: Equilibrium is the condition that exists
A)when quantity
Q108: If quantity supplied is less at each
Q109: As price rises,quantity supplied
A)rises.
B)falls.
C)remains the same.
Q110: It is necessary to ration a good
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