Business, 26.02.2021 19:40 Abdimshsiwnsbs9686
Economics NOT Business
According to the graph below, what condition would be created if the price was set higher than equilibrium, say at $4?
a. the market would be at equilibrium
b. a surplus would be created
c. a shortage would be created
d. there would be no change in consumer or producer activity
Answers: 2
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