If the Quantity Demanded of a Good Is Greater Than

question 55

Multiple Choice

If the quantity demanded of a good is greater than the quantity supplied of the good at the current price,then

• A)Price will increase until it reaches the equilibrium price.
• B)The demand curve will shift to the left to create equilibrium.
• C)The supply curve will shift to the right to create equilibrium.
• D)There is a surplus of the good.

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An economic system where private ownership and free markets govern trade and production with the primary goal of profit.

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