If there is an excess supply of a good on the market,
a. the price is lower than the equilibrium price
b. the quantity demanded exceeds the quantity supplied
c. the price will fall
d. there is a shortage of the good
e. the price will rise
C
Economics
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The European Monetary Union was formed in 1992 to explore issues regarding currency union under the ________ treaty.
A) Versailles B) Paris C) Berlin D) Maastricht
Economics
An expansion is:
A. the high point of economic activity prior to a downturn. B. a period in which the economy is growing at a rate significantly below normal. C. a period in which the economy is growing at a rate significantly above normal. D. the low point of economic activity prior to a recovery.
Economics