Author Question: Excess quantity demanded for a good creates pressure to push the price of that good down toward the ... (Read 65 times)

mpobi80 · **on:** Jun 30, 2018

Excess quantity demanded for a good creates pressure to push the price of that good down toward the equilibrium price.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A shortage means that the quantity demanded is greater than the quantity supplied at the prevailing price.
a. True
b. False
Indicate whether the statement is true or false