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Other Fields Homework Help Economics Topic started by: samilee on Aug 19, 2018



Title: Suppose that the price of wheat is above its equilibrium price. You would expect to see
Post by: samilee on Aug 19, 2018
Suppose that the price of wheat is above its equilibrium price. You would expect to see
A) a shortage on the market that causes prices to increase further.
B) an increase in quantity demanded because of the high price.
C) a leftward shift of the demand curve because of the high price.
D) sellers begin to lower their prices because of the surplus of wheat.


Title: Suppose that the price of wheat is above its equilibrium price. You would expect to see
Post by: lunaam on Aug 19, 2018
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Title: Suppose that the price of wheat is above its equilibrium price. You would expect to see
Post by: samilee on Aug 19, 2018
Brilliant