As long as the actual market price exceeds the equilibrium market price, there will be:

A) downward pressure on the market price.
B) upward pressure on the market price.
C) no purchases made.
D) Both A and C are correct.
E) Both B and C are correct.


A

Economics

You might also like to view...

The Fed does not tightly control the monetary base because it does NOT completely control

A) open market purchases. B) open market sales. C) borrowed reserves. D) the discount rate.

Economics

The Earned Income Tax Credit replaced many government transfer programs

a. True b. False

Economics

If the country of Zorg has a birth rate of greater than 2.2 births per woman, it is likely that Zorg is an industrial market country

a. True b. False

Economics

An industry's market structure refers to

A. Whether the market is a product market or a resource market. B. What types of products are produced in that industry. C. How much firms spend on advertising. D. The number and size of the firms in the industry.

Economics