When Quantity Demanded of a Good Exceeds the Quantity Supplied

question 53

Multiple Choice

When quantity demanded of a good exceeds the quantity supplied at the prevailing market price,_____.

• A)the market is in equilibrium
• B)the price of the good will decrease
• C)the price of the good will tend to increase
• D)the demand curve shifts rightward until the surplus is eliminated
• E)the supply curve shifts leftward until the surplus is eliminated

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