80
QuizMultiple Choice

Prescriptive Test — Cumulative exam

Question 80 • 26-27 RPA - US History 1 CR

The graph shows a point of equilibrium.If the quantity supplied is greater than the quantity demanded, what must happen to the price in order to reach equilibrium?

Question illustration
Answer
A
The price of the product will increase to meet equilibrium.
B
The price of the product will decrease to meet equilibrium.
C
Supply and demand must be raised.
D
Supply and demand must be lowered.
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