At equilibrium,each of these is true except
A) quantity demanded equals quantity supplied.
B) the price has no tendency to change.
C) market price equals equilibrium price.
D) there may be a shortage or a surplus.
Correct Answer:
Verified
Q1: If the government set a price ceiling
Q2: If the market price is below equilibrium
Q3: At equilibrium,if quantity supplied is 16,quantity demanded
A)is
Q4: A demand schedule can be presented
A)only as
Q5: If market price is equal to equilibrium
Q7: As price declines,quantity demanded goes _ and
Q8: When the market price is lower than
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