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The Current Price of Neckties Is $30,but the Equilibrium Price

Question 327

Multiple Choice

The current price of neckties is $30,but the equilibrium price of neckties is $25.As a result,


A) the quantity supplied of neckties exceeds the quantity demanded of neckties at the $30 price.
B) the equilibrium quantity of neckties exceeds the quantity demanded at the $30 price.
C) there is a surplus of neckties at the $30 price.
D) All of the above are correct.

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