If equilibrium is present in a market,
A) there is generally either a shortage or a surplus.
B) quantity demanded equals quantity supplied.
C) quantity demanded exceeds quantity supplied.
D) quantity supplied exceeds quantity demanded.
Correct Answer:
Verified
Q244: The price of a good will tend
Q245: When there is excess demand for a
Q246: When economists say that market equilibrium is
Q247: When property rights are well defined and
Q248: Which of the following is true of
Q250: When economists say an activity is consistent
Q251: When economists say the supply of a
Q252: When there is excess supply of a
Q253: When property rights are well defined and
Q254: Which of the following are true?
A) Economists
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