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If the market price is higher than the equilibrium price.

已有 101 次閱讀2023-11-18 00:14 |個人分類:答題系列| price, equilibrium, higher, market, than

【題目】 If the market price is higher than the equilibrium price.

a surplus exists and the equilibrium price will rise until it equals the market price and the surplus is eliminated.

a surplus exists and the market price will fall until it equals the equilibrium price and the surplus is eliminated.

a shortage exists and the market price will fall until it equals the equilibrium price and the shortage is eliminated.

a shortage exists and the equilibrium price will rise until it equals the market price and the shortage is eliminated.

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