Multiple Choice
If economists say, "the price is too high," they mean that:
A) quantity demanded is greater than quantity supplied.
B) quantity supplied is greater than quantity demanded.
C) the equilibrium price exceeds the current price.
D) the price of a good will tend to increase.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q39: If a demand curve shifts to the
Q40: The demand for a product is the
Q41: All other things unchanged, a tax on
Q42: A decrease in supply is caused by:<br>A)
Q45: A decrease in the demand for eggs
Q47: Two goods are substitutes if:<br>A) an increase
Q48: Price changes for complements and substitutes have
Q49: Economists know that a particular good can
Q113: An increase in demand with no change
Q126: A decrease in demand with no change