Complete the following statement: If a market price is higher than the equilibrium price, a exists as the quantity demanded is than the quantity supplied, and there is a tendency for the market price to

Complete the following statement: If a market price is higher than the equilibrium price, a exists as the quantity demanded is than the quantity supplied, and there is a tendency for the market price to

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Complete the following statement:
If a market price is higher than the equilibrium price, a
exists as the quantity demanded is
than the quantity supplied, and there is a tendency for the market price to
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