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If Price Is Above the Equilibrium Value,then

Question 99

Multiple Choice

If price is above the equilibrium value,then


A) producers hope that buyers will want more in the future.
B) buyers are unhappy because they are unable to find the good for sale.
C) producers find their inventories growing and will start to cut price.
D) neither buyers nor sellers have an incentive to alter their behaviour.
E) the government must enforce price controls.

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