When quantity supplied is greater than quantity demanded, ___________-. a) price will fall to its equilibrium level

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When quantity supplied is greater than quantity demanded, ___________-.

a) price will fall to its equilibrium level

b) price will rise to its equilibrium level

c) price may rise, fall, or stay the same, depending on a variety of factors

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Related Book For answer-question

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 supplied is greater than quantity demanded, ___________-. a) price will fall to its equilibrium level

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ANSWER The correct answer is a price will fall to its equilibrium level When q...View the full answer

Microeconomics

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