Which of the following is NOT true about the equilibrium price?
A) The price where a change in quantity supplied occurs.
B) The price where the demand curve intersects the supply curve.
C) The price where quantity demanded equals quantity supplied.
D) The price where there is neither excess quantity demanded or excess quantity supplied.
Correct Answer:
Verified
Q382: The market clearing price is
A) the price
Q384: An excess quantity supplied can be corrected
Q389: Which of the following is true of
Q389: Suppose that the price of wheat is
Q393: When a shortage exists
A)the price is below
Q397: A shortage will occur when
A) the price
Q398: Another term for the equilibrium price is
A)excess
Q400: If there is a shortage in a
Q404: If the price of an item can
Q411: When there is an excess quantity supplied
A)
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