When the Price Is Below the Equilibrium Price, the Quantity

question 452

Multiple Choice

When the price is below the equilibrium price, the quantity demanded

• A) is less than the equilibrium quantity and the quantity supplied also is less than the equilibrium quantity.
• B) is less than the equilibrium quantity but the quantity supplied exceeds the equilibrium quantity.
• C) exceeds the equilibrium quantity and the quantity supplied also exceeds the equilibrium quantity.
• D) exceeds the equilibrium quantity but the quantity supplied is less than the equilibrium quantity.

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