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Home Q & A Board Other Fields Homework Help Business Economics
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hiusy98 hiusy98
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7 years ago
When market price is higher than the equilibrium price, a surplus is created. This will put downward pressure on price, causing quantity demanded to increase and quantity supplied to decrease until equilibrium is reestablished.
Is this statement true or false, please advise
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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andyborziandyborzi
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7 years ago
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hiusy98 Author
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7 years ago
Project is complete now, thank you for your expertise!
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