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  3. Study Set
    Understanding Modern Economics
  4. Exam
    Exam 3: Demand and Supply 
  5. Question
    What Will Happen When the Price of a Good Is
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What Will Happen When the Price of a Good Is

Question 1

Question 1

Multiple Choice

What will happen when the price of a good is held below its equilibrium price?


A) A surplus results.
B) A shortage results.
C) Demand for the good increases.
D) Supply of the good decreases.

Correct Answer:

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