Posted: February 1st, 2017
Suppose the quantity supplied of cars exceeds the quantity of car demanded.
Suppose the quantity supplied of cars exceeds the quantity of car demanded. We would expect that
a. the price of car will increase
b. the price of car will decrease
c. the demand will decrease (demand will shift to the left) to meet the supply
d. the supply will increase (supply will shift to the right)to meet the demand
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