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-If at a Certain Price Level the AS Exceeds the AD

Question 77

Multiple Choice

-If at a certain price level the AS exceeds the AD then what are the implications? A) There is a shortage of goods and services,and eventually prices will increase. B) There is a surplus of goods and services,and eventually prices will increase. C) There is a shortage of goods and services,and eventually prices will decrease. D) There is a surplus of goods and services,and eventually prices will decrease.
-If at a certain price level the AS exceeds the AD then what are the implications?


A) There is a shortage of goods and services,and eventually prices will increase.
B) There is a surplus of goods and services,and eventually prices will increase.
C) There is a shortage of goods and services,and eventually prices will decrease.
D) There is a surplus of goods and services,and eventually prices will decrease.

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