When the market price is below the equilibrium price, suppliers are unable to sell all they want to sell
a. True
b. False
Indicate whether the statement is true or false
False
Economics
You might also like to view...
Assume that a perfectly competitive financial market for loanable funds is in equilibrium. Which of the following is most likely to occur to the quantity demanded and quantity supplied of loanable funds if the government imposes an effective interest rate ceiling?
A) Increase/Increase B) Increase/Decrease C) No change/No change D) Decrease/Increase E) Decrease/Decrease
Economics
The slope and location of the demand curve depend on:
A) the number of buyers. B) production costs. C) the number of producers. D) all of the above.
Economics