The price of a goods will tend to rise if – McqOptions

MCQOPTIONS

1.	The price of a goods will tend to rise if
A.	The current price is above the equilibrium
B.	The current price is below the equilibrium
C.	The quantity demanded is less than the quantity supplied
D.	There is a reduction in the cost of a substitute commodity
Answer» C. The quantity demanded is less than the quantity supplied

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