Which of the Following Would Result If the Price Level

Multiple Choice

Which of the following would result if the price level were below the equilibrium level?

A) Aggregate demand would increase.
B) Aggregate supply would decrease.
C) Consumers would bid prices up by competing for goods currently in shortage.
D) Shortages would force sellers to lower prices in order to increase aggregate quantity demandeD.Shortages would develop across the economy,which would cause prices to rise and thus encourage more production.