Multiple Choice
When excess demand occurs in a free market, there is a tendency for
A) the price to fall.
B) the price to rise.
C) the quantity demanded to rise.
D) the quantity supplied to fall.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q67: When excess supply occurs in a free
Q68: Assume that there is a rise in
Q69: If house owners expect house prices to
Q70: Explain why a supply curve has a
Q71: A good whose demand falls when people's
Q72: Which of the following is not a
Q73: What will be the effect of the
Q74: If a firm is a price- taker
Q76: If a computer games addict became unemployed
Q77: Which of the following will cause a