Multiple Choice
Suppose that when the price of broccoli is $4 per pound, buyers wish to buy 500 pounds per day and sellers wish to sell 800 pounds per day. In this case:
A) excess supply will lead the price of broccoli to fall.
B) excess demand will lead the price of broccoli to fall.
C) excess supply will lead the price of broccoli to rise.
D) excess demand will lead the price of broccoli to rise.
Correct Answer:
Verified
Correct Answer:
Verified
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