👤
Answered

Suppose that at the current price of a good, the quantity demanded is 44 units and the quantity supplied is 40 units. We can expect: Group of answer choices the price of the good to increase. the price of the good to decrease. the demand for the good to increase. the supply of the good to decrease.

Answer :

Answer:

the price of the good to increase

Explanation:

Quantity demanded = 44 units

Quantity supplied = 40 units

Here,

Quantity demanded [tex]>[/tex] Quantity supplied

This is a situation of excess demand.

If quantity demanded is greater than quantity supplied then the supplier increases the price of the good.

So, option: the price of the good to increase is correct.

Go Teaching: Other Questions