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Manal, Tutor
Category: Homework
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Experience:  BA in English Literature, Current MBA student with a 4.0 GPA
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if there is a shortage of product x

Customer Question

if we say that a price is too high to clear the market we mean that:

a. quantity demanded exceeds quantity supplied
b. the equilibrium price is above the current price
c. quantity supplied exceeds quantity demanded
d. the price of the good is likely to rise
Submitted: 10 years ago.
Category: Homework
Expert:  Manal replied 10 years ago.

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