-When the Price of a Good Is Below the Equilibrium

question 135

Multiple Choice

-When the price of a good is below the equilibrium price,

• A)suppliers are unable to sell as many units as they want; they will cut output and lower prices.
• B)suppliers can sell as many units as they can produce; they will increase production and raise prices.
• C)the demand curve shifts down to reach an equilibrium price.
• D)the supply curve will shift up to reach an equilibrium price.

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