Answered: Question 4 The condition where firms…

Question 4 The condition where firms want to sell more than consumers want to buy is called a) a surplus. b) a market collapse. c) a shortage. d) an equilibrium.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 48CTQ: Can you propose a policy that meld induce the market to supply more rental housing units?

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Question 4

The condition where firms want to sell more than consumers want to buy is called

		a) a surplus.
		b) a market collapse.
		c) a shortage.
		d) an equilibrium.

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