If the Market Price Is Above the Equilibrium Price, Which

question 156

Multiple Choice

If the market price is above the equilibrium price, which of the following will occur?

• A) Quantity demanded will exceed quantity supplied and the market price will eventually fall.
• B) Quantity demanded will exceed quantity supplied and the market price will eventually rise.
• C) Quantity supplied will exceed quantity demanded and the market price will eventually fall.
• D) Quantity supplied will exceed quantity demanded, and the market price will eventually rise.

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