6) If a market is in disequilibrium, economists would predict that the product's price would to reach equilibrium when the quantity demanded is than the quantity supplied. fall; less O rise; less O fall; greater remain constant; greater
6) If a market is in disequilibrium, economists would predict that the product's price would to reach equilibrium when the quantity demanded is than the quantity supplied. fall; less O rise; less O fall; greater remain constant; greater
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...
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![6) If a market is in disequilibrium, economists would predict that the product's
to reach equilibrium when the quantity demanded is
price would
than the quantity supplied.
O fall; less
O rise; less
O fall; greater
remain constant; greater](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbf1c490f-9ce2-4d10-be0a-7ccf1d132c11%2F8b57e788-76b5-4d15-8dac-74200d934c12%2Fpvi5gl7_processed.png&w=3840&q=75)
Transcribed Image Text:6) If a market is in disequilibrium, economists would predict that the product's
to reach equilibrium when the quantity demanded is
price would
than the quantity supplied.
O fall; less
O rise; less
O fall; greater
remain constant; greater
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