Suppose the Government Sets a Particular Price in the Market

question 15

Multiple Choice

Suppose the government sets a particular price in the market for gold,which results in an excess supply.In this situation,

• A)the market is in equilibrium.
• B)the market is in disequilibrium.
• C)there are unsuccessful buyers.
• D)the gold market has not reached the point of saturation.
• E)no gold will be exchanged.

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