question archive Suppose in a given market the quantity demanded is greater than the quantity supplied
Suppose in a given market the quantity demanded is greater than the quantity supplied
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Suppose in a given market the quantity demanded is greater than the quantity supplied. This tells us that:
a) there is a shortage and the price will fall.
b) there is a surplus and the price will rise.
c) there is a shortage and the price will rise.
d) there is a surplus and the price will fall.
Option 1
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Option 2
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