When quantity demanded is greater than quantity supplied,
A. there is a surplus.
B. price will fall until it gets back to equilibrium.
C. quantity supplied will rise and quantity demanded will fall.
D. quantity supplied will fall and quantity demanded will rise.
C. quantity supplied will rise and quantity demanded will fall.
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If a nation during its entire history has borrowed more from the rest of the world than it has lent to the rest of the world, the country is a
A) net borrower. B) debtor nation. C) net lender. D) creditor nation.
An optimizing consumer will select a consumption bundle in which
a. income is maximized, and prices are minimized. b. utility is maximized, and prices are minimized. c. utility is maximized, subject to budget constraints. d. utility is maximized, and indifference curves are linear.
If there is a shortage, there is _____ search activity.
Fill in the blank(s) with the appropriate word(s).
Mortgage-backed securities are financial instruments:
A. that are highly risky. B. that are extremely safe. C. that are highly leveraged, but which offer high returns. D. whose value depends on the value of mortgages.