Multiple Choice
When there is an excess demand for a good,there is:
A) downward pressure on price because buyers are willing to pay more.
B) downward pressure on price because firms accumulate unwanted inventories.
C) upward pressure on price because buyers are willing to pay more.
D) upward pressure on price because firms accumulate unwanted inventories.
Correct Answer:
Verified
Correct Answer:
Verified
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