If the price was fixed below the equilibrium price there would be ?

Related Mcqs:

Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future. What would we expect to happen to the equilibrium price and quantity in the market for wheat today ?

A. The impact on both price and quantity is ambiguous B. Price will decrease, quantity is ambiguous. C. price will increase, quantity will decrease D. price will increase, quantity is ambiguous. E. Price will increase, quantity will increase...

If the market price is below the equilibrium price ?

A. quantity demanded will be greater than quantity supplied B. quantity demanded will be less than quantity supplied C. demand will be less than supply. D. quantity demanded will equal quantity supplied ....

If an increase in the price of blue jeans leads to an increase in the demand for tennis shoes, then blue jeans and tennis shoes are ?

A. Complements B. inferior goods C. normal goods D. none of these answers E. Substitutes...

The price mechanism cannot ?

A. Act as a signal B. Act as a incentive C. Act as a rationing device D. shift the demand curve...

A good example of a public good is ?

A. public transport B. the national health service C. national defence D. rail transport...