If the Quantity Demanded for a Product Exceeds the Quantity

question 127

Multiple Choice

If the quantity demanded for a product exceeds the quantity supplied,the market price will rise until

• A)the quantity demanded equals the quantity supplied.The product will then no longer be scarce.
• B)quantity demanded equals quantity supplied.The equilibrium price will then be greater than the market price.
• C)only wealthy consumers will be able to afford the product.
• D)quantity demanded equals quantity supplied.The market price will then equal the equilibrium price.

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Definitions:

Reasons For Decisions

The rationale or underlying factors that lead to a particular choice or judgment being made.

Apologize

Expressing regret or asking for forgiveness for an action or statement.

Negative Message

Communication that conveys a refusal, denial, or unwelcome news to the receiver.

Sincere Apology

An expression of regret that is genuine and heartfelt, indicating true remorse for actions or words that caused harm.