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When the Quantity Demanded of a Good Exceeds the Quantity

Question 34

Multiple Choice

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


A) the market will be in equilibrium.
B) the price of the good will decrease.
C) the price of the good will tend to increase.
D) the demand curve will shift rightward until the surplus is eliminated.

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