When the price is $2
A. quantity supplied is greater than quantity demanded and, therefore, price must rise to get to equilibrium.
B. quantity supplied is less than quantity demanded and, therefore, price must fall to get to equilibrium.
C. quantity demanded is greater than quantity supplied and, therefore, price must rise to get to equilibrium.
D. quantity demanded is greater than quantity supplied and, therefore, price must fall to get to equilibrium.
C. quantity demanded is greater than quantity supplied and, therefore, price must rise to get to equilibrium.
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What assumptions lead to the conclusion that that the allocation of resources among firms is efficient
What will be an ideal response?
Which of the following groups has an interest in encouraging free trade?
A. Neither workers nor producers in any industry are in favor of trade. B. Workers in import-competing industries. C. Producers in import-competing industries. D. Workers in export industries.