If We Say That a Price Is Too High to Clear

question 255

Multiple Choice

If we say that a price is too high to clear the market, we mean that

• A) quantity demanded exceeds quantity supplied.
• B) the equilibrium price is above the current price.
• C) quantity supplied exceeds quantity demanded.
• D) the price of the good is likely to rise.

---

Definitions:

Content

The information, subjects, or thematic elements contained within a work or conveyed by a message.

Standard Form I

Generally refers to a universally accepted or conventional format or structure for a particular type of document or argument, though without more context, its specific application in this case is unclear.

Quantity

A property that can exist as a multitude or magnitude, often measurable, that describes the amount or number of something.

Quality

The degree of excellence or distinction of something, often judged according to its attributes or merits.