Assume,in a Competitive Market,price Is Initially Above the Equilibrium Level

question 102

Multiple Choice

Assume,in a competitive market,price is initially above the equilibrium level.We predict that price will:

• A) decrease,quantity demanded will decrease,and quantity supplied will increase.
• B) decrease and quantity demanded and quantity supplied will both decrease.
• C) decrease,quantity demanded will increase,and quantity supplied will decrease.
• D) increase,quantity demanded will decrease,and quantity supplied will increase.

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Definitions:

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A cooling fan with a 4-pin connector, allowing for speed control and more efficient cooling performance.

3-Pin Motherboard

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A device used to join electrical terminations and create an electrical circuit.

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A standardized port that supports speeds up to 5 Gb/s, a maximum of 0.9 amps, and 5 VDC.