91
QuizMultiple Choice
Unit 2 Test
Question 91 • (OC27) Economics-2102310-Sem-Meadows
The graph shows excess demand.Which explains why the price indicated by p2 on the graph is lower than the equilibrium price?
Answer
A
As prices fall, quantity demanded goes up.B
As prices fall, quantity demanded goes down.C
As prices fall, quantity demanded stays the same.D
As prices fall, quantity demanded disappears.