8
QuizMultiple Choice
Determining Market Price
Question 8 • 2102320-Economics HONORS - Edgenuity Teacher
The graph shows excess supply.Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium?
Answer
A
It needs to be increased.B
It needs to be decreased.C
It needs to reach the price ceiling.D
It needs to remain unchanged.