The Price of a Good Will Tend to Fall If

question 172

Multiple Choice

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.

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Definitions:

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