When the price of a good is held under the equilibrium price, the result will be
A: Excess demand
B: Excess supply
C: A surplus of the good
D: neither surplus nor shortage of the good
A: Excess demand
B: Excess supply
C: A surplus of the good
D: neither surplus nor shortage of the good
举一反三
- When the price of a good is held above the equilibrium price, the result will be A: Excess demand B: A shortage of the good C: A surplus of the good D: A shortage of the good
- When the price of a good is held above the equilibrium price, the result will be A: Excess demand B: A shortage of the good C: A surplus of the good D: 点击编辑答案内容
- A price below the equilibrium price results in ____ A: a surplus B: a further price fall C: excess supply D: a shortage
- If the government establishes a legal price floor for a good, the result will be a(n) A: shortage of the good, but only if the floor is equal to the equilibrium price. B: surplus of the good, but only if the floor is above the equilibrium price. C: surplus of the good, but only if the floor is below the equilibrium price. D: shortage of the good, but only if the floor is above the equilibrium price.
- Which of the following would cause price to decrease? A: a decrease in supply B: an increase in demand C: a surplus of the good D: a shortage of the good