When the price of a good is below its equilibrium value: Multiple Choice consumers will bid the price up. excess supply will occur. it will tend to stay below the equilibrium value. suppliers will notice their inventories are growing

When the price of a good is below its equilibrium value: Multiple Choice consumers will bid the price up. excess supply will occur. it will tend to stay below the equilibrium value. suppliers will notice their inventories are growing

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter3: Market Demand And Supply

Section: Chapter Questions

Problem 2SQ: Which of the following would not cause market demand for a normal good to decline? a. An increase in...

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Question

When the price of a good is below its equilibrium value:
Multiple Choice
consumers will bid the price up.
excess supply will occur.
it will tend to stay below the equilibrium value.
suppliers will notice their inventories are growing

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