If the Market Price Is Below the Equilibrium Price, Then

question 111

Multiple Choice

If the market price is below the equilibrium price, then:

• A) a surplus of product will result.
• B) the quantity supplied will exceed the quantity demanded.
• C) the market supply curve will shift to the right.
• D) the quantity demanded will exceed the quantity supplied.
• E) the market demand curve will shift to the left.

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