The natural tendency to equilibrium in a given market happens when * A. the price is lower or higher than the equilibrium there will come a time that price would settle down or redound to the equilibrium price. B. when the equilibrium price increases due to the satisfaction of the consumer. C. when the equilibrium quantity decreases due to the shortage of supply. D. all of the above
The natural tendency to equilibrium in a given market happens when * A. the price is lower or higher than the equilibrium there will come a time that price would settle down or redound to the equilibrium price. B. when the equilibrium price increases due to the satisfaction of the consumer. C. when the equilibrium quantity decreases due to the shortage of supply. D. all of the above
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 23P
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The natural tendency to equilibrium in a given market happens when *
A. the price is lower or higher than the equilibrium there will come a time that price would settle down or redound to the equilibrium price .
B. when the equilibrium price increases due to the satisfaction of the consumer.
C. when the equilibrium quantity decreases due to the shortage of supply.
D. all of the above
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