When people suddenly want to buy something, supply increases.
Answer the following statement true (T) or false (F)
False
Economics
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Equilibrium price is the price at which the quantity of a product demanded by consumers and the quantity supplied by producers
a. are different b. are equal c. is higher for the product demanded d. is higher for the product supplied
Economics
A move from E to F represents
A. an increase in quantity supplied.
B. a decrease in quantity supplied.
C. an increase in supply.
D. a decrease in supply.
Economics