AnswersFL-2102340-Economics with Financial Literacy Teacher Directed2.3 Determining Market PriceQuestion 12
12
QuizMultiple Choice
2.3 Determining Market Price
Question 12 • FL-2102340-Economics with Financial Literacy (Teacher Directed)
The graph shows excess supply.Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium?
Answer
A
It needs to be increased.B
It needs to be decreased.C
It needs to reach the price ceiling.D
It needs to remain unchanged.