The Table Given Below Reports the Quantity Demanded and Supplied

question 59

Multiple Choice

The table given below reports the quantity demanded and supplied of a commodity at different prices in a market.Table 3.5

-In a market where the price is restricted by price floors or price ceilings,

• A)all sellers will be able to sell everything they produce.
• B)surpluses and shortages will exist.
• C)all buyers will get what they want.
• D)disequilibrium will automatically correct itself.
• E)surpluses and shortages will put pressure on the price to move to its equilibrium.

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