Multiple Choice
The market price of corn is falling. In a free-market economy, the most likely explanation of this price change is that:
A) the government has decided to set a higher price so that firms competing in the market make an adequate profit.
B) there is a surplus in the market for apples.
C) the supply of money has decreased.
D) the equilibrium price is lower than the market price.
Correct Answer:
Verified
Correct Answer:
Verified
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