When the Market Price of a Good Is Below the Equilibrium

question 4

Multiple Choice

When the market price of a good is below the equilibrium price:

• A)the quantity demanded will exceed the quantity supplied.
• B)the supply curve will be to the right of the demand curve.
• C)a surplus will exist in the market.
• D)the government will regulate the price of the good to ensure equilibrium is attained.

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