Which of the following is true if a market is in equilibrium?
a. price will be rising
b. price will be falling
c. quantity demanded is greater than quantity supplied
d. quantity demanded is equal to quantity supplied
e. quantity demanded is less than quantity supplied
D
You might also like to view...
A new law passed in Bonland requires all bikers to wear helmets while riding. It also states that those who do not wear helmets while riding will be punished. This law is likely to lead to a(n) ________
A) decrease in government expenditure B) increase in government expenditure C) decrease in tax rates D) increase in the overall price level
If the U.S. economy is experiencing falling price levels, the
A. expenditure schedule will shift downward. B. expenditure schedule will shift upward. C. slope of the expenditure schedule increases. D. slope of the expenditure schedule decreases.
Unemployment rates in what period were rather low by historical standards?
a. Unemployment rates in the late 1980s and into the mid-2000s were rather low by historical standards. b. Unemployment rates in the late 1990s and into the mid-2000s were rather low by historical standards. c. Unemployment rates in the late 1970s and into the mid-1980s were rather low by historical standards. d. Unemployment rates in the late 1980s and into the mid-1990s were rather low by historical standards.
When quantity demanded is greater than quantity supplied, market price is ________ the equilibrium price.
Fill in the blank(s) with the appropriate word(s).