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    Principles of Macroeconomics Study Set 5
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    Exam 3: Measuring Macroeconomic Performance: Wages, Employment and the Labour Market
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    If the Price of a Good Is Below the Equilibrium
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If the Price of a Good Is Below the Equilibrium

Question 3

Question 3

Multiple Choice

If the price of a good is below the equilibrium price,then


A) the government needs to set a higher price.
B) firms,dissatisfied with growing inventories,will raise the price.
C) consumers,wanting to ensure they acquire the good,will bid the price higher.
D) the government needs to set a lower price.
E) firms,dissatisfied with growing inventories,will lower the pricE.

Correct Answer:

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