Figure 3-3 -In Figure 3-3,other Things Constant,if Price Was at P₂ We

Multiple Choice

Figure 3-3
-In Figure 3-3,other things constant,if price was at P₂ we would expect

A) consumers to reduce their offering price for the good.
B) an excess quantity supplied to remain on the market.
C) price to drift downward until a stable equilibrium at P₀ was achieved.
D) consumers to bid against each other for goods and force the price still higher.