Home / Questions / At a given price, if quantity demanded of a product is greater than quantity supplied, the

At a given price, if quantity demanded of a product is greater than quantity supplied, the

At a given price, if quantity demanded of a product is greater than quantity supplied, the market forces will respond by


[A]Reducing the price of the product and thereby reducing profits of the firms
[B]Increasing the price of the product and thereby increasing profits of the firms
[C]Reducing the price of the product and thereby increasing profits of the firms
[D]Increasing the price of the product and thereby reducing profits of the firms

Jan 12 2018 Read more Less More

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