Solved

In a Free Market, If the Price of a Good

Question 81

Multiple Choice

In a free market, if the price of a good is below the equilibrium price, then;


A) government needs to set a higher price.
B) suppliers, dissatisfied with growing inventories, will raise the price.
C) demanders, to acquire the good, will bid the price higher.
D) suppliers, dissatisfied with growing inventories, will lower the price.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions