Suppose that the quantity demanded for cars exceeds the quantity supplied of cars. We would expect that:
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- Suppose that the quantity supplied of pizza exceeds the quantity demanded for pizza. We would expect that:
- Suppose that the current price in a market for Pizza is $9. At that price, the quantity demanded is 519 and the quantity supplied is 400. In this market, we would expect that:
- If the market price of a good is below the equilibrium price ______ A: quantity demanded Hill exceed quantity supplied, resulting in a shortage. B: quantity demanded Hill exceed quantity supplied, resulting in a surplus. C: quantity supplied will exceed quantity demanded, resulting in a shortage. D: quantity supplied will exceed quantity demanded, resulting in a surplus. E: the supply curve will shift to the left and the demand curve will shift to the right.
- If the percentage change in the price of a good exceeds the percentage change in the quantity supplied, then the supply is
- 中国大学MOOC: All explanations for the upward slope of the short-run aggregate supply curve suppose that the quantity of output supplied increases when the actual price level exceeds the expected price level