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Whenever the price is above the equilibrium price, it must be the case that (2 points) a shortage will exist price elasticity of supply with increase price elasticity of demand will decrease quantity supplied
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Whenever the price is above the equilibrium price, it must be the case that (2 points)

a shortage will exist
price elasticity of supply with increase
price elasticity of demand will decrease
quantity supplied will be less than quantity demanded
quantity supplied will be greater than quantity demanded

User LynxZh
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Whenever the price is above the equilibrium price, it must be the case that a shortage will exist.
User Umpirsky
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