49
QuizMultiple Choice
Unit 2 Test
Question 49 • (OC27) Economics-2102310-Sem-Meadows
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.