Which of the Following Statements About the Interaction of Demand

question 64

Multiple Choice

Which of the following statements about the interaction of demand and supply is most accurate?

• A) At prices below equilibrium,demand exceeds supply.
• B) Government intervention is usually needed to achieve market equilibrium.
• C) At prices above equilibrium,suppliers produce less than consumers are willing to buy.
• D) A surplus of product pushes prices upward.

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