azchimky azchimky

14-11-2020
Business

contestada

4. When the actual price of a good is above its equilibrium market price, competition
among

A. buyers will force the actual price upward.
B. sellers will force the actual price upward.
C. sellers will force the actual price downward.
D. buyers will force the actual price downward.
E none of the above.

Respuesta :

StubblyHippo2 StubblyHippo2

14-11-2020

Answer:

C.

Explanation:

Because naturally within a market the equilibrium price is trying to be reached, (besides price ceilings and floors imposed by the government), Sellers will naturally push the price downwards because they must compete with each other to make a living. Thus answer C. is correct.

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