When the price of a bond is above the equilibrium price, there is an excess ________ bonds and price will ________.
A) demand for; rise
B) demand for; fall
C) supply of; fall
D) supply of; rise
Answer: C
When the price of a bond is above the equilibrium price, there is an excess ________ bonds and price will ________.
A) demand for; rise
B) demand for; fall
C) supply of; fall
D) supply of; rise
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