35- Assume that the equilibrium price for a good is $5. If the market price is $

Question

35- Assume that the equilibrium price for a good is $5. If the market price is $10, a: Question 35 options: a- shortage causes the price to decline toward $5. b- surplus causes the price to rise above $10. c- shortage causes the price to rise above $10. d- surplus causes the price to decline toward $5. 35- Assume that the equilibrium price for a good is $5. If the market price is $10, a: Question 35 options: a- shortage causes the price to decline toward $5. b- surplus causes the price to rise above $10. c- shortage causes the price to rise above $10. d- surplus causes the price to decline toward $5. 35- Assume that the equilibrium price for a good is $5. If the market price is $10, a: 35- Assume that the equilibrium price for a good is $5. If the market price is $10, a: a- shortage causes the price to decline toward $5. b- surplus causes the price to rise above $10. c- shortage causes the price to rise above $10. d- surplus causes the price to decline toward $5. shortage causes the price to decline toward $5. surplus causes the price to rise above $10. shortage causes the price to rise above $10. surplus causes the price to decline toward $5. a- shortage causes the price to decline toward $5. b- surplus causes the price to rise above $10. c- shortage causes the price to rise above $10. d- surplus causes the price to decline toward $5.

Explanation / Answer

b-

surplus causes the price to rise above $10

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