If the actual price were below the equilibrium price in the market for bread, a:
A: surplus would develop that cannot be eliminated over time.
B: shortage would develop, which market forces would eliminate over time.
C: surplus would develop, which market forces would eliminate over time.
D: shortage would develop, which market forces would tend to exacerbate.
A: surplus would develop that cannot be eliminated over time.
B: shortage would develop, which market forces would eliminate over time.
C: surplus would develop, which market forces would eliminate over time.
D: shortage would develop, which market forces would tend to exacerbate.
举一反三
- 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.
- Which of the following would occur if a single farm in perfect competition lowered its price below the long-run equilibrium market price?
- Which of the following would NOT be a reason for market, industry, and company analysis（） A: Firms within a given industry perform differently. B: The market is generally a very important component of security returns. C: Single industries perform consistently over time.
- Which of the following would cause price to decrease? A: a decrease in supply B: an increase in demand C: a surplus of the good D: a shortage of the good
- They kept on trying their best to develop their business, but in such ______ market competition, they had no idea if success would come along one day.