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

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
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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

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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