882EconomicsMedium
If the price of good is below the equilibrium price?
Athere is a shortage and the price will rise
Bthere is a surplus and the price will rise
Cthere is a shortage and the price will fall
Dthe quantity demanded is equal to the quantity supplied and the price remains unchanged
Correct answer
A. there is a shortage and the price will rise
Explanation
The correct answer is there is a shortage and the price will rise.