At the equilibrium price:
A) quantity supplied may exceed quantity demanded or vice versa.
B) there are no pressures on price to either rise or fall.
C) there are forces which cause price to rise.
D) there are forces which cause price to fall.
Correct Answer:
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Q102: A surplus of a product will arise
Q147: Q148: If a product is in surplus supply, Q149: At the point where the demand and Q150: Which would cause an increase in quantity Q151: A surplus of any given commodity can Q153: In a competitive market the equilibrium price Q154: With a downward sloping demand curve and Q155: Refer to the diagram below for the Q157: ![]()
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