When the price of a good is held above the equilibrium price, the result will be？
A、Excess demand B
A、shortage of the good C
A、surplus of the good
A、Excess demand B
A、shortage of the good C
A、surplus of the good
【参考答案及解析】
Rationale: The effect of price being above the equilibrium (market clearing) price is that supply will extend and demand will contract.
Rationale: The effect of price being above the equilibrium (market clearing) price is that supply will extend and demand will contract.