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A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2022 · Q131 Mark

Which statement about market disequilibrium is correct?

APrice is likely to change.
BSupply is equal to demand.
CThe government must intervene.
DThere must be shortages.

✓ Correct answer

A: Price is likely to change.

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Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, May/June 2022 Paper 1 Variant 2, question 13.

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