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Author Question: Excess quantity demanded for a good creates pressure to push the price of that good down toward the ... (Read 48 times)

mpobi80

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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


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Yixagurpuldink

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

True


mpobi80

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

xiaomengxian

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  • Posts: 311
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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