If there is a surplus of good X on the market: A. the price of X will tend to rise. B. the government should apply price control, to prevent an increase in the price of X. C. the price of X will tend to fall. D. the government should set a minimum price to avoid a fall in the price of X. E. the price of X will remain unchanged

If there is a surplus of good X on the market: A. the price of X will tend to rise. B. the government should apply price control, to prevent an increase in the price of X. C. the price of X will tend to fall. D. the government should set a minimum price to avoid a fall in the price of X. E. the price of X will remain unchanged

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter4: Markets In Action

Section: Chapter Questions

Problem 8SQ

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