Which of the following is NOT necessarily true in a market equilibrium?
A) Price represents the value of an extra unit of consumption.
B) Both rich and poor have adequate access to the good.
C) Price represents the cost of an extra unit of production.
D) All mutually beneficial trades have been made.
Correct Answer:
Verified
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A)the
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Q121: Refer to the figure below.
Q123: The cumulative difference between the price producers
Q124: Refer to the figure below.
Q125: Refer to the figure below.
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Q127: Consumer surplus is the cumulative difference between:
A)consumers'
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