If a Market Is in Disequilibrium,economists Would Predict That the Product's

question 108

Multiple Choice

If a market is in disequilibrium,economists would predict that the product's price would __________ to reach equilibrium when the quantity demanded is __________ than the quantity supplied.

• A) rise; greater
• B) fall; less
• C) fall; greater
• D) rise; less
• E) a and b

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Definitions:

Testing Effect

The enhanced memory retention and learning that occurs from retrieving information through testing, compared to simply rereading or restudying material.

Reading Assignments

Tasks or homework involving reading specific materials provided by an instructor, often followed by discussion or analysis.

Fill-In-The-Blank Questions

A type of question or exercise where participants must insert the missing word or phrase to complete a statement correctly.

Episodic Memory

A category of long-term memory that involves the recollection of specific events, situations, and experiences.