Question
If the price of a CD is equal to the equilibrium price, there will be ________ of CDs and the price will ________. 1) neither
If the price of a CD is equal to the equilibrium price, there will be ________ of CDs and the price will ________.
1) neither a shortage nor surplus; not change
2)surplus; rise
3) shortage; fall
4)surplus; fall
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Managerial Economics
Authors: Mark Hirschey
14th edition
9781473709263, 1473709261, 1473717343, 1473717345, 978-1305506381
