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When the Market Generates an Equilibrium Price, We Know That

Question 63

Multiple Choice

When the market generates an equilibrium price, we know that


A) the quantity demanded is higher than the quantity demanded associated with a market that is not in equilibrium
B) excess demand and excess supply are zero
C) increases in quantity demanded are matched by increases in quantity supplied
D) it is the most profitable price for suppliers
E) all demanders who want the good will get it

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