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Economics (AS & A Level) · May / June 2022 · Paper 11 · Question 12

9708The interaction of demand and supply

The price of a product is above the market equilibrium price. Which combination of changes is certain to result as the market adjusts towards equilibrium?

  1. Afalls / falls
  2. Bfalls / rises
  3. Crises / falls
  4. Drises / rises

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Correct answer: C. rises / falls

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