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Kyuubi Kyuubi
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Posts: 1012
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6 years ago
If the price of iPods  is above its equilibrium level, then:
A) excess quantity demanded will exert upward pressure on the price
B) excess quantity demanded will exert downward pressure on the price
C) excess quantity supplied will exert downward pressure on the price
D) there will be no pressure on the price since it is above the equilibrium level
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
Read 36 times
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