If a price is above equilibrium

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Reference no: EM13800516

If a price is above equilibrium,

A. A shortage will cause the price to fall and the quantity supply to decrease

B. a surplus will cause the price to fall and the quantity supplied to increase

C. a shortage will cause the price to rise and the quantity supplied to increase.

D. A surplus will cause the price to fall and quantity supplied to decrease

Reference no: EM13800516

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