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    Economics Study Set 1
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    Exam 3: Demand, Supply, and Price
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    FIGURE 3-3 -Refer to Figure 3-3.At a Price of P<sub>3</sub> There Is
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FIGURE 3-3 -Refer to Figure 3-3.At a Price of P3 There Is

Question 6

Question 6

Multiple Choice

  FIGURE 3-3 -Refer to Figure 3-3.At a price of P<sub>3</sub> there is excess ________ in the market for X and pressure for the price to ________. A) supply; fall B) supply; rise C) demand; fall D) demand; rise FIGURE 3-3
-Refer to Figure 3-3.At a price of P3 there is excess ________ in the market for X and pressure for the price to ________.


A) supply; fall
B) supply; rise
C) demand; fall
D) demand; rise

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