Question 2

Which of the following statements is not true when the price is above the equilibrium price?

  • A.there is a shortage of the commodity
  • B.the quantity supplied exceeds the quantity demanded of the commodity
  • C.the pressure on the commodity price is downward
  • D.there is a surplus of the commodity
Objective

Question details

Exam body
NDA
Subject
Economics
Year
2015/2016
Question no.
#2
Type
Objective

More from this paper

See all Economics 2015/2016 questions