If the quantity of a product demanded is greater than the quantity of a product supplied, there is pressure in the market to push the price downward.
Indicate whether the statement is true or false
Question 2
Which of the following is likely to reduce the total efficiency units of labor in an economy?
A) A decrease in the price of capital B) A recession that lowers aggregate demand
C) An increase in the price level D) An earthquake that kills several people