A price below the equilibrium price results in ____
A: a surplus
B: a further price fall
C: excess supply
D: a shortage
A: a surplus
B: a further price fall
C: excess supply
D: a shortage
举一反三
- When the price of a good is held under the equilibrium price, the result will be A: Excess demand B: Excess supply C: A surplus of the good D: neither surplus nor shortage of the good
- When the price of a good is held above the equilibrium price, the result will be A: Excess demand B: A shortage of the good C: A surplus of the good D: A shortage of the good
- When the price of a bond is _________ the equilibrium price, there is an excess supply of bonds and the price will _________
- When the price of a good is held above the equilibrium price, the result will be A: Excess demand B: A shortage of the good C: A surplus of the good D: 点击编辑答案内容
- Suppose roses are currently selling for $40 per dozen, but the equilibrium price of roses is $30 per dozen. We would expect a_______. A: shortage to exist and the market price of roses to increase. B: shortage to exist and the market price of roses to decrease. C: surplus to exist and the market price of roses to increase. D: surplus to exist and the market price of roses to decrease.