The price of a good will tend to fall if
a. there is an excess demand of the good
b. demand and supply of the good are the same
c. there is an excess supply of the good
d. the price is below the equilibrium price
e. the price is near the equilibrium price
C
You might also like to view...
Along a short-run Phillips curve, the
A) long-run cost of lower inflation is higher unemployment. B) short-run cost of lower unemployment is higher inflation. C) short-run cost of lower inflation is higher interest rates. D) short-run cost of higher inflation is a higher real interest rate. E) short-run benefit of lower unemployment is lower inflation.
The slave gang system increased labor productivity by encouraging members of a slave gang system to specialize in performing assigned tasks and working in rhythm
Indicate whether the statement is true or false