Multiple Choice
Use the figure below to answer the following questions.
Figure 3.4.2
-The price of a good will tend to fall if
A) there is a surplus at the current price.
B) the current price is below the equilibrium price.
C) the quantity supplied exceeds the quantity demanded at the current price.
D) both A and C are true.
E) none of the above are true.
Correct Answer:
Verified
Correct Answer:
Verified
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