Solved

In a Free Market, If the Price of a Good

Question 71

Multiple Choice

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


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