When the Price Is $5

question 91

Multiple Choice

When the price is $5

• A)quantity supplied is greater than quantity demanded and,therefore,price must rise to get to equilibrium.
• B)quantity supplied is greater than quantity demanded and,therefore,price must fall to get to equilibrium.
• C)quantity demanded is greater than quantity supplied and,therefore,price must rise to get to equilibrium.
• D)quantity demanded is greater than quantity supplied and,therefore,price must fall to get to equilibrium.

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Definitions:

Fabric Blends

Textiles made from a mix of different types of fibers to combine favorable qualities of each, enhancing performance, appearance, or durability.

Product Specifications

Detailed information and criteria about a product's features, dimensions, performance, and materials, serving as a guideline for production and quality assurance.

Derived Demand

A demand for a commodity, service, etc., that is a consequence of the demand for something else.

Proposals

Formal offers or plans submitted for evaluation or consideration to undertake a project or relationship.