Suppose the Equilibrium Price of Oranges Is $2

question 106

Multiple Choice

Suppose the equilibrium price of oranges is $2.00 per pound. If the actual price is above the
Equilibrium price a

• A)shortage exists and the price falls to restore equilibrium.
• B)surplus exists and the price rises to restore equilibrium.
• C)shortage exists and the price rises to restore equilibrium.
• D)surplus exists but nothing happens until either the demand or the supply changes.
• E)surplus exists and the price falls to restore equilibrium.

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A yearly health checkup that includes a general physical exam and various tests to assess an individual's health.