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In a free market, if the current price of a good is above the equilibrium price, then; Select one: a. demanders, wanting to ensure they
In a free market, if the current price of a good is above the equilibrium price, then;
Select one:
a. demanders, wanting to ensure they acquire the good, will bid the price lower.
b. suppliers, dissatisfied with shrinking inventories, will raise the price.
c. government needs to set a lower price.
d. suppliers, dissatisfied with growing inventories, will lower the price.
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