True/False
The equilibrium price is unstable because sellers have an incentive to lower their price to sell more goods.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q10: Surpluses drive price up, while shortages drive
Q145: Lead, an input in the production of
Q146: An increase in the quantity supplied results
Q147: An increase in demand and a decrease
Q148: In a market, the equilibrium condition is
Q149: A decrease in the supply of milk
Q151: If supply decreases and its slope remains
Q152: The price of gasoline decreased dramatically in
Q154: Figure: Supply-Driven Price Change <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3377/.jpg" alt="Figure:
Q155: In free markets, surpluses lead to:<br>A) lower