When the price is $5



A. quantity supplied is greater than quantity demanded and, therefore, price must rise to get to equilibrium.

B. quantity supplied is greater 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.


B. quantity supplied is greater than quantity demanded and, therefore, price must fall to get to equilibrium.

Economics

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Refer to the figure below. In this game, how many dominant strategies does Player A have?

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Economics

Other things being equal, the effects of a decrease in the price of orange juice, is represented by which of the following?

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Economics

Which of the following statements is false?

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Economics

A country with a lower relative cost of production of a particular good has a(n) _______ advantage and it is likely to _______ this good.

A) absolute; import B) comparative; import C) comparative; export D) absolute; not export

Economics