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Figure 3-3 -In Figure 3-3,other Things Constant,if Price Was at P₂ We

Question 130

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Figure 3-3 Figure 3-3 -In Figure 3-3,other things constant,if price was at P₂ we would expect A) consumers to reduce their offering price for the good. B) an excess quantity supplied to remain on the market. C) price to drift downward until a stable equilibrium at P₀ was achieved. D) consumers to bid against each other for goods and force the price still higher.
-In Figure 3-3,other things constant,if price was at P₂ we would expect


A) consumers to reduce their offering price for the good.
B) an excess quantity supplied to remain on the market.
C) price to drift downward until a stable equilibrium at P₀ was achieved.
D) consumers to bid against each other for goods and force the price still higher.

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