Multiple Choice
If the market price is below the equilibrium price, which of the following will occur?
A) Quantity demanded will exceed quantity supplied and the market price will eventually fall.
B) Quantity demanded will exceed quantity supplied and the market price will eventually rise.
C) Quantity supplied will exceed quantity demanded and the market price will eventually fall.
D) Quantity supplied will exceed quantity demanded and the market price will eventually rise.
Correct Answer:
Verified
Correct Answer:
Verified
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