• 2022-06-04
    If the market price of a good is below the equilibrium price ______
    A: quantity demanded Hill exceed quantity supplied, resulting in a shortage.
    B: quantity demanded Hill exceed quantity supplied, resulting in a surplus.
    C: quantity supplied will exceed quantity demanded, resulting in a shortage.
    D: quantity supplied will exceed quantity demanded, resulting in a surplus.
    E: the supply curve will shift to the left and the demand curve will shift to the right.