How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Manal Your Own Question
Manal, Tutor
Category: Homework
Satisfied Customers: 308
Experience:  BA in English Literature, Current MBA student with a 4.0 GPA
Type Your Homework Question Here...
Manal is online now
A new question is answered every 9 seconds

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: 11 years ago.
Category: Homework
Expert:  Manal replied 11 years ago.

You need to spend $3 to view this post. Add Funds to your account and buy credits.