Economics 9708 · AS & A Level · Income elasticity of demand

Income elasticity of demand — practice question

When the free market for a good is in disequilibrium, what must be true?

  • AConsumers can buy all of the good that they demand at the market price.
  • BProducers can sell all of the good that they supply at the market price.
  • CThe market price of the good will not change.
  • DThe quantity of the good demanded differs from the quantity supplied.

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