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Which of the Following Is True for a Market That

Question 1

Multiple Choice

Which of the following is true for a market that clears?


A) An excess supply of anything traded will lead to a fall in its price.
B) An excess demand of anything traded will lead to a fall in its price.
C) An excess supply of anything traded will lead to a rise in its price.
D) An excess demand of anything traded will not lead to a price change.
E) A high price will lead to a high demand.

Correct Answer:

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