A price that is higher than the equilibrium price ( )
A: The producer cannot recover the production cost at this price.
B: At this price, the quantity supplied is greater than the quantity
demanded.
C: Consumers are willing to purchase all products at this price.
D: Demand is greater than supply at this price.
A: The producer cannot recover the production cost at this price.
B: At this price, the quantity supplied is greater than the quantity
demanded.
C: Consumers are willing to purchase all products at this price.
D: Demand is greater than supply at this price.
举一反三
- When the price of a good is lower than the equilibrium price, ________. A: a surplus will exist. B: buyers desire to purchase more than is produced. C: sellers desire to produce and sell more than buyers wish to purchase. D: quantity supplied exceeds quantity demanded.
- For banks, bid price is higher than ask price.
- The correct statement about the bidding quotation is (). A: The bid price shall be lower than the market value of cost price, and lower than the social average cost price. B: The quotation can not be lower than the cost, but can be higher than the maximum bid price. C: If the quotation is lower than the cost, the bid evaluation committee shall reject the bid. D: The quotation can be lower than the cost, but not higher than the maximum bid price.
- An increase in market supply and an increase in market demand will result in A: A decrease in equilibrium price and an increase in equilibrium quantity B: A decrease in equilibrium price - the change in equilibrium quantity is indeterminate C: An increase in equilibrium quantity and the change in price is unclear D: all of above
- Which of the following will definitely occur when there is an increase in demand for and a decrease in supply of milk? A: an increase in equilibrium quantity B: a decrease in equilibrium quantity C: a decrease in equilibrium price D: an increase in equilibrium price.