When quantity demanded is greater than quantity supplied, _______. a) market price will rise b) market price

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When quantity demanded is greater than quantity supplied, _______.

a) market price will rise

b) market price will fall

c) market price will stay the same

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:00 AM

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When quantity demanded is greater than quantity supplied, _______. a) market price will rise b) market price

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The correct answer is a market price will rise Explanation According to the Law of Supply and Demand ...View the full answer

Microeconomics

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