If a Market Is in Disequilibrium,economists Would Predict That the Product's

question 108

Multiple Choice

If a market is in disequilibrium,economists would predict that the product's price would __________ to reach equilibrium when the quantity demanded is __________ than the quantity supplied.

• A) rise; greater
• B) fall; less
• C) fall; greater
• D) rise; less
• E) a and b

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Definitions:

New Media

New Media encompasses digital forms of communication and content delivery, including the Internet, social media, and other digital technologies that have emerged since the late 20th century.

Minority Representation

The presence and participation of individuals from less dominant or smaller demographic groups in political, cultural, or other societal spheres.

Mass Media

The various forms of communication tools, such as television, newspapers, radio, and the internet, that reach a large audience simultaneously, playing a crucial role in shaping public opinion and disseminating information.

Hispanic Americans

Hispanic Americans are individuals in the United States who originate from Spanish-speaking countries, particularly those in Latin America.