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.
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.
举一反三
- Suppose that the current price in a market for Pizza is $9. At that price, the quantity demanded is 519 and the quantity supplied is 400. In this market, we would expect that:
- Suppose that the quantity demanded for cars exceeds the quantity supplied of cars. We would expect that:
- Suppose that the quantity supplied of pizza exceeds the quantity demanded for pizza. We would expect that:
- When a monopolistically competitive firm raises its price, A: quantity demanded falls to zero. B: quantity demanded declines but not to zero. C: the market supply curve shifts outward. D: quantity demanded remains constant.
- The supply curve for bonds has the usual upward slope, indicating that as the price _________, ceteris paribus, the _________ increases. A: falls; supply B: falls; quantity supplied C: rises; supply D: rises; quantity supplied