When the Market Price of a Good Is Below the Equilibrium

question 27

Multiple Choice

When the market price of a good is below the equilibrium price, and all other determinants are unchanged:

• A) the quantity demanded will exceed the quantity supplied.
• B) the supply curve will be to the right of the demand curve.
• C) a surplus will exist in the market.
• D) the government will regulate the price of the good to ensure equilibrium is attained.

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