In a Free Market, If the Price of a Good

question 81

Multiple Choice

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

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