A Price at Which the Amount People Wish to Buy

Multiple Choice

A price at which the amount people wish to buy exceeds the amount that people wish to produce (given upward-sloping supply curves) :

A) lies above the equilibrium, market clearing price.
B) lies below the market clearing price.
C) will induce a shift in the demand schedule to achieve equilibrium.
D) is impossible.
E) is none of the above.