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.

---

Definitions:

Hostile

Showing or feeling opposition or dislike; aggressive.

Grandchildren

The children of one's son or daughter, representing the next generation in a family lineage.

Live

To be alive or exist; in broadcasting, it refers to a real-time transmission of an event.

Stressful Experience

An event or situation that significantly challenges an individual's ability to cope, potentially leading to psychological stress and physical health problems.