
-Refer to the above data.The equilibrium price in this market is:
A) $11
B) $12
C) $13
D) $14
Correct Answer:
Verified
Q105: If price is above the equilibrium level,
Q121: Q127: Refer to the diagram.The equilibrium price and Q130: A market is in equilibrium: Q131: Refer to the diagram below for the Q148: If a product is in surplus supply, Q152: At the equilibrium price: Q153: In a competitive market the equilibrium price Q154: With a downward sloping demand curve and Q158: At any above-equilibrium price:![]()
A) when there
A)quantity supplied may exceed
A)quantity demanded exceeds quantity
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