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Subject - Economics:

Microeconomics

MCQ - 126-4136

Question:

6 Dup 2 -41511720
If the current price is 0B, we would expect

  1. a surplus in the market to be eliminated by rising prices.
  2. a shortage in the market to be eliminated by falling prices.
  3. a surplus in the market to be eliminated by falling prices.
  4. a shortage in the market to be eliminated by falling prices.
  5. a shortage in the market to be eliminated by rising prices.

Correct Answer: D

Explanation:

This is the equilibrium price.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: If the current price is 0B, we would expect , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 126-4136.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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