The market equilibrium is considered stable. If a business set a price too high they would know because O The QS would be less than the QD causing a shortage. O The QS would be greater than QD causing a surplus. The QS would be less than the QD causing a surplus. O The QS would be greater than the QD causing a shortage.

The market equilibrium is considered stable. If a business set a price too high they would know because O The QS would be less than the QD causing a shortage. O The QS would be greater than QD causing a surplus. The QS would be less than the QD causing a surplus. O The QS would be greater than the QD causing a shortage.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 18RQ: If the price is above line equilibrium level, would you predict a surplus or a shortage? If line...

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