If the Price of Grapes Is Below Its Equilibrium Price

question 72

Multiple Choice

If the price of grapes is below its equilibrium price, market forces will cause:

• A) the price to rise as quantity demanded will rise.
• B) the price to fall as sellers offer discounts on excess stocks.
• C) the price to rise as buyers may begin to bid up the price .
• D) the price to fall as quantity supplied will fall.

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Definitions:

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