If the price of a good is below the equilibrium price,then
A) the government needs to set a higher price.
B) firms,dissatisfied with growing inventories,will raise the price.
C) consumers,wanting to ensure they acquire the good,will bid the price higher.
D) the government needs to set a lower price.
E) firms,dissatisfied with growing inventories,will lower the pricE.
Correct Answer:
Verified
Q52: Market Equilibrium Q53: Suppose that the demand curve for a Q54: Suppose that the demand curve for a Q55: A market in disequilibrium would feature Q56: Market Equilibrium Q58: If price is below the equilibrium value,then Q59: Suppose that the demand curve for a Q60: When the price of a good is Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) a
A)