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AP Macroeconomics
Unit 1 – Basic Economic Concepts
Topic 1.6
Which of the following is likely to occur if the price in a market is above the equilibrium price?
There will be no impact on the market
A surplus will be present
The quantity demanded and supplied will be equal
A shortage will be present
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AP Macroeconomics - 1.6 Market Equilibrium, Disequilibrium, and Changes in Equilibrium
Key terms
Equilibrium Price
Market
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About Fiveable
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Resources
Cram Mode
AP Score Calculators
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Practice Quizzes
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Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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