Answered

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Suppose that the quantity of cars demanded exceeds the quantity of cars supplied - this would be a case where the market was temporarily not in equilibrium - hint: first determine whether the market has a surplus or shortage. With time, we would expect that:

A) the price of cars will increase.
B) the price of cars will decrease.
C) unless there is a change in supply or demand the price will stay the same.

Sagot :

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