If the actual price is below the equilibrium price in the market for bread then ......

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Related questions

What happens if the actual price were below the equilibrium price in the market for bread.

indigohedgehog515

15. If the actual price were below the equilibrium price in the market for bread, then a. a surplus would develop and would get worse. b. a shortage would develop but market forces would tend to correct the problem. c. a surplus would develop but market forces would tend to correct the problem d. a surplus would develop and market forces would make it worse.

Consider the market for peanut butter. If there is an increase in the price of bread (a complement for peanut butter) along with a drought in peanut growing areas, then:

A) The equilibrium price of peanut butter definitely falls.

B) The equilibrium quantity of peanut butter definitely decreases.

C) The equilibrium quantity of bread increases.

D) The equilibrium quantity of peanut butter might increase or might decrease.

E) The equilibrium price of peanut butter definitely rises.