The Current Market Price for Good X Is Below the Equilibrium

question 50

Multiple Choice

The current market price for good X is below the equilibrium price, and then the demand curve for X shifts rightward. What is the likely outcome of the demand shift?

• A) The surplus increases.
• B) The surplus decreases.
• C) The shortage increases.
• D) The shortage decreases.

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Decimal Number

A number expressed in the base 10 numeral system, which consists of digits 0 to 9 and uses a decimal point to represent fractions.

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A GUI (Graphical User Interface) widget toolkit for Java that allows the creation of window-based applications.