18
QuizMultiple Choice
Elasticity and Incentives — Unit test
Question 18 • 2102320-Economics HONORS - Edgenuity Teacher
The graph shows a point of equilibrium.If quantity demanded exceeds quantity supplied, what most likely needs to happen to achieve equilibrium?
Answer
T
The supply needs to increaseT
The price needs to decreaseT
The price needs to increaseT
The demand needs to increase