When Quantity Demanded of a Good Exceeds the Quantity Supplied

Multiple Choice

When quantity demanded of a good exceeds the quantity supplied at the prevailing market price,_____.

A) the market is in equilibrium
B) the price of the good will decrease
C) the price of the good will tend to increase
D) the demand curve shifts rightward until the surplus is eliminated
E) the supply curve shifts leftward until the surplus is eliminated