menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics of Social Issues
  4. Exam
    Exam 3: Government Control of Prices in Mixed Systems: Who Are the Winners and Losers
  5. Question
    In a Market Economy,if the Market Supply of a Product
Solved

In a Market Economy,if the Market Supply of a Product

Question 66

Question 66

Multiple Choice

In a market economy,if the market supply of a product decreases relative to its demand,the product's price will


A) Fall
B) Rise
C) Be unchanged
D) Fall and then rise
E) Rise and then fall

Correct Answer:

verifed

Verified

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

Related Questions

Q61: Which of the following measures the change

Q62: In a mixed economy,governments may intervene in

Q63: The Following Questions Refer to the graph

Q64: The consequences of government intervention<br>A)Are generally as

Q65: A firm increases the number of workers

Q67: The Following Questions Refer to the table

Q68: Which of the following individuals lose as

Q69: The quantity of housing demanded does not

Q70: Which of the following is true of

Q71: The 1938 Fair Labor Standards Act created

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines