Economics (AS & A Level) · Oct / Nov 2023 · Paper 11 · Question 7
9708The interaction of demand and supply
In a free market, there is a surplus of a good. Which change would cause the market to come to an equilibrium?
- Aa decrease in demand
- Ba fall in price
- Ca government minimum price
- Dan increase in supply
As printed in the paper
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Correct answer: B. a fall in price
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