If quantity demanded is greater than quantity supplied
A. the price will fall.
B. the price will rise.
C. the market is cleared.
D. the price is at equilibrium.
B. the price will rise.
You might also like to view...
If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion, then the currency-deposit ratio is
A) 0.25. B) 0.50. C) 0.40. D) 0.05.
The overall productivity crisis of the 1970s can be attributed, in part, to insufficient investment in research and development
Indicate whether the statement is true or false
If a change passes the cost-benefit test, then
A) it is a Pareto improvement. B) it may be a Pareto improvement. C) it is not a Pareto improvement. D) total surplus is maximized.
If a student enrolls in an additional course at the university, an economist would conclude that: a. the total benefit that the student expects to receive as a result of completing her college degree exceeds the total cost of her college education. b. the student is not following the rule of rational choice
c. the student must not be involved in extracurricular campus activities. d. the expected marginal benefit of an additional course must exceed the expected marginal cost of the course.