• 2022-06-06
    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
  • A

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      Which of the following would cause price to decrease? A: A、a decrease in supply B: B、an increase in demand C: C、a surplus of the good D: D、a shortage of the good

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      中国大学MOOC: When the price of a good is held above the equilibrium price, the result will be

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      Suppose the demand and supply curves for good X are both linear. And, the demand price for the first unit of X is $28, and the supply price for the first unit of X is $6. If the equilibrium price for good X is $16 and the equilibrium quantity of X is 24,000 units, then total consumer surplus is $________, total producer surplus is $_________, and total social surplus is $_____________. A: $144,000; $120,000; $264,000 B: $672,000; $144,000; $384,000 C: $120,000; $144,000; $264,000 D: $28; $6; $16 E: $144,000; $672,000; $384,000

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      When the price of a bond is _________ the equilibrium price, there is an excess supply of bonds and the price will _________

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      Good A and good B are substitutes in production. The demand for good A decreases, which lowers the price of good A. The decrease in the price of good A ( ) A: decreases the supply of good B: increases the supply of good C: decreases the demand for good D: increases the demand for good