If the Price of a Good Is Below the Equilibrium

question 3

Multiple Choice

If the price of a good is below the equilibrium price,then

• A) the government needs to set a higher price.
• B) firms,dissatisfied with growing inventories,will raise the price.
• C) consumers,wanting to ensure they acquire the good,will bid the price higher.
• D) the government needs to set a lower price.
• E) firms,dissatisfied with growing inventories,will lower the pricE.

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