20. What is likely to happen to price if suppliers insist on the price above the point of equilibrium price? a. decrease b. increase c. not change
20. What is likely to happen to price if suppliers insist on the price above the point of equilibrium price? a. decrease b. increase c. not change
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 23P
Related questions
Question
20. What is likely to happen to price if suppliers insist on the price above the point of
a. decrease
b. increase
c. not change
24.What is likely to happen to price if suppliers insist on the price above the point of equilibrium price? Economic...
a.surplus
b.shortage
31. where will be the movement of of supply curve for needles if the price of thread increases?
a. constant
b. left
c. right
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