When the price is less than the equilibrium price
A) there will be a shortage.
B) some consumers will be willing to pay a price higher than the prevailing price.
C) the price will be forced higher.
D) All of the above answers are correct.
D
Economics
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A) second worker B) fourth worker C) sixth worker D) eighth worker
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The quantity of imports will decrease when there is
A) an increase in the real exchange rate. B) a reduction in domestic output. C) a reduction in foreign output. D) all of the above E) none of the above
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