When price is too high, we see
A) excess supply.
B) shortages.
C) frustrated buyers.
D) long lineups.
E) falling inventories.

Name: When price is too high, we see A) excess supply. B) shortages. C) frustrated buyers. D) long lineups. E) falling inventories.
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Question

Quizplus · Accepted Answer

When the price of a product is too high, it leads to excess supply because the quantity supplied by producers exceeds the quantity demanded by consumers at that price point.

When Price Is Too High, We See