If the price in the market for a commodity is above the market equilibrium price, the:
A) price will remain unchanged.
B) price will rise to clear the market.
C) quantity supplied exceeds the quantity demanded.
D) quantity demanded exceeds the quantity supplied
Ans: C) quantity supplied exceeds the quantity demanded.
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A. The incidence falls mainly on employees. B. It is levied on employers. C. It is levied on employees. D. The incidence falls mainly on employers.
The laws of contracts and their enforceability in court determine the range of transactions that we will find it worthwhile to undertake
Indicate whether the statement is true or false
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What will be an ideal response?
Which of the following are examples of a firm experiencing a positive technological change?
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