When the price of a bond is ________ the equilibrium price, there is an excess demand for bonds and price will ________.
A) above; rise
B) above; fall
C) below; fall
D) below; rise
Answer: D
When the price of a bond is ________ the equilibrium price, there is an excess demand for bonds and price will ________.
A) above; rise
B) above; fall
C) below; fall
D) below; rise
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.