When market price is below equilibrium price
A) a shortage is generated.
B) market price will rise.
C) quantity demanded is greater than quantity supplied.
D) all of the choices.
Correct Answer:
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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
Q105: When the price is $2
A)quantity supplied is
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
Q111: The adjustment of the _ is the
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