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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Rank the following goods from least to most elastic: compact cars, convertible compact cars, cars
A) Cars, convertible compact cars, compact cars B) Compact cars, convertible compact cars, cars C) Convertible compact cars, compact cars, cars D) Cars, compact cars, convertible compact cars
Budget deficits cause interest rates to be high
a. True b. False
In a random effects model, we assume that the unobserved effect is correlated with each explanatory variable.
Answer the following statement true (T) or false (F)
moral hazard
What will be an ideal response?