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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
Suppose the quantity of oranges demanded is less than the quantity supplied. Then
A) the market still clears, because consumers can buy all the oranges they wish at the prevailing market price.
B) the market still clears, because producers can sell all the oranges they wish at the prevailing market price.
C) the market clears, but is not fully coordinated.
D) oranges are no longer scarce goods.
E) none of the above is true.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Another one in the books, marking it solved.
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#3
8 years ago
Thanks for the feedback Slight Smile
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