Figure 11.1: -In Figure 11.1,given that equilibrium occurs at a price level of P₂,then the desirable price level: A) Can be at any price level. B) Must be P₂. C) Must be greater than P₂. D) Must be less than P₂.

Question

Quizplus · Accepted Answer

The Answer of Figure 11.1: -In Figure 11.1,given that equilibrium occurs at a price level of P₂,then the desirable price level: A) Can be at any price level. B) Must be P₂. C) Must be greater than P₂. D) Must be less than P₂.

Figure 11.1: -In Figure 11.1,given That Equilibrium Occurs at a Price Level