Business, 07.07.2020 22:01, izeahzapata1

If the average market price for an item is higher than the equilibrium price, which of the following is likely to take place?
A. The price will increase drastically.
B. Supply and demand will be equal.
C. Consumers will buy all of the product supply and not be satisfied.
D. More product will be produced than consumers want to purchase.

Answers: 2

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If the average market price for an item is higher than the equilibrium price, which of the followin...