8
QuizMultiple Choice
Case Study: Starting a Business — Unit test
Question 8 of 15 • 26-27 Ignite Economics-KY-Economics
The graph shows a point of equilibrium.If quantity demanded exceeds quantity supplied, what most likely needs to happen to achieve equilibrium?
Answer
T
The supply needs to increaseT
The price needs to decreaseT
The price needs to increaseT
The demand needs to increase