If the Price of a Good Is Below the Equilibrium

question 105

Multiple Choice

If the price of a good is below the equilibrium price,then

• A) the government needs to set a higher price.
• B) firms,dissatisfied with growing inventories,will raise the price.
• C) consumers,wanting to ensure they acquire the good,will bid the price higher.
• D) the government needs to set a lower price.
• E) firms,dissatisfied with growing inventories,will lower the price.

---

Definitions:

Questionnaire

A set of printed or digital questions used for collecting information from respondents, typically in research settings.

Question Format

The style or structure in which questions are designed, which can influence how respondents understand and answer them in surveys or studies.

Wording

The choice and arrangement of words in speech or writing, significantly affecting meaning and tone.

Survey Response Rates

refer to the proportion of individuals who respond to a survey out of the total number approached, impacting the survey's validity and reliability.