When the quantity demanded of a good exceeds the quantity supplied of the good at the prevailing market price, _____.
A) the market will be in equilibrium.
B) the price of the good will decrease.
C) the price of the good will tend to increase.
D) the demand curve will shift rightward until the surplus is eliminated.
E) the supply curve will shift leftward until the surplus is eliminated.
Ans: C) the price of the good will tend to increase.
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