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:

Verified
Correct Answer:
Verified
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