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If the Equilibrium Price for a Half Gallon of Organic

Question 65

Multiple Choice

If the equilibrium price for a half gallon of organic milk is $4 and the current price for a half gallon of milk is $3.25, all of the following are true except which one?


A) Market forces will cause the current price to increase.
B) There is a surplus in the market.
C) The quantity demanded exceeds the quantity supplied.
D) There is a shortage in the market.

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