Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is than the quantity supplied of good X, and economists would use this information to predict that the price of good X would soon . This would push the price the equilibrium price.
a. greater; fall; toward
b. greater; rise; toward
c. less; fall; toward
d. less; rise; away from
e. greater; rise; away from
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Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is than the quantity supp...
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