Holding all other factors constant,prices are set slightly above the point where supply equals demand.

Name: Holding all other factors constant,prices are set slightly above the point where supply equals demand.
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Question

Quizplus · Accepted Answer

Prices are typically set at the equilibrium point where supply equals demand, not above it. At this point, the quantity supplied equals the quantity demanded, leading to an efficient market outcome.

Holding All Other Factors Constant,prices Are Set Slightly Above the Point