When quantity supplied is greater than quantity demanded, ___________-. a) price will fall to its equilibrium level

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When quantity supplied is greater than quantity demanded, ___________-.

a) price will fall to its equilibrium level

b) price will rise to its equilibrium level

c) price may rise, fall, or stay the same, depending on a variety of factors

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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