6) If a market is in disequilibrium, economists would predict that the product'sto reach equilibrium when the quantity demanded isprice wouldthan the quantity supplied.O fall; lessO rise; lessO fall; greaterremain constant; greater

Equilibrium is the economic state in which market demand and market supply are equal, resulting in…

6) If a market is in disequilibrium, economists would predict that the product's price would to reach equilibrium when the quantity demanded is than the quantity supplied. fall; less O rise; less O fall; greater remain constant; greater

6) If a market is in disequilibrium, economists would predict that the product's price would to reach equilibrium when the quantity demanded is than the quantity supplied. fall; less O rise; less O fall; greater remain constant; greater

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...

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Question

6) If a market is in disequilibrium, economists would predict that the product's
to reach equilibrium when the quantity demanded is
price would
than the quantity supplied.
O fall; less
O rise; less
O fall; greater
remain constant; greater

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