When quantity demanded is greater than quantity supplied
A) price will fall to its equilibrium price.
B) price will rise to its equilibrium price.
C) price may rise,fall,or stay the same,depending on a variety of factors.
Correct Answer:
Verified
Q130: Lines at gas pumps were caused by
Q131: Q132: If price were set by the government Q133: The _ is constantly sending buyers and Q134: A supply schedule is determined by the Q136: Which statement is true? Q137: What happens to quantity supplied when the Q138: What happens to quantity demanded when price Q139: Which situation below would represent a shortage Q140: If the price system is allowed to
A)An effective price ceiling
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