Kizspy | Question: 23 (Choose 1 answer)
Product A are currently selling for $20 per unit, but the equilibrium price of product A is $13 per unit. Then,
A. This creates a shortage of product to exist and the market price of that product to increase.
B. This creates a shortage of product to exist and the market price of that product to decrease.
C. This creates a surplus of product to exist and the market price of that product to increase.
D. This creates a surplus of product to exist and the market price of that product to decrease.
