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Management · Q356

Managerial Economics

Graduate and Post Graduate · Management · question 356

Q356

When at a given price, the quantity demanded of a commodity is more than the quantity supplied, there will be

A.
An upward pressure on price
Answer
B.
Price will remain unaffected
C.
A downward pressure on price
D.
All of these

Answer: Option A

Solution

Answer: Option A
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