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:

International Monetary Fund

A global financial institution that provides financial assistance and advice to member countries, aiming to foster global monetary cooperation and financial stability.

Exchange Rates

The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another.

World Bank

An international banking institution dedicated to providing poorer countries' governments with the financial support needed for capital project development.

Federal Reserve

The central banking system of the United States, responsible for regulating the nation's monetary policy and financial institutions.