Answers2027 Ignite Financial Literacy-Personal Finance - EL3403Case Study: Starting a Business — Unit testQuestion 8
8
QuizMultiple Choice
Case Study: Starting a Business — Unit test
Question 8 • 2027 Ignite Financial Literacy-Personal Finance - EL3403
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