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    Principles of Microeconomics
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    Exam 3: Demand, Supply, and Market Equilibrium
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    When There Is an Excess Demand of a Product in an Unregulated
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When There Is an Excess Demand of a Product in an Unregulated

Question 241

Question 241

Multiple Choice

When there is an excess demand of a product in an unregulated market, the tendency is for


A) price to rise.
B) price to decrease.
C) quantity supplied to decrease.
D) quantity demanded to increase.

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