Author Question: If, at the current price, there is a shortage of a good, then a. sellers are producing more than ... (Read 57 times)

evelyn o bentley · **on:** Jun 30, 2018

If, at the current price, there is a shortage of a good, then
a. sellers are producing more than buyers wish to buy.
b. the market must be in equilibrium.
c. the price is below the equilibrium price.
d. quantity demanded equals quantity supplied.

Question 2

Unplanned inventory decreases:
a. tend to result in an decrease in income.
b. tend to result in an increase in real output.
c. tend to further reduce production.
d. signal that demand was weaker than expected.