In a Free Market, If the Price of a Good

question 71

Multiple Choice

In a free market, if the price of a good is above the equilibrium price, then;

• A)suppliers, dissatisfied with growing inventories, will raise the price.
• B)demanders, wanting to ensure they acquire the good, will bid the price lower.
• C)government needs to set a lower price.
• D)suppliers, dissatisfied with growing inventories, will lower the price.

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