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If the Price of Nike Air Force 1 Sneakers Is

Question 240

Multiple Choice

If the price of Nike Air Force 1 sneakers is below the equilibrium price:


A) competition will eventually push the price up.
B) there will be a surplus of sneakers.
C) quantity demanded will increase as the price rises to meet the equilibrium price.
D) quantity supplied will be greater than quantity demanded.

Correct Answer:

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