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If the Price of a Good Is Equal to the Equilibrium

Question 8

Multiple Choice

If the price of a good is equal to the equilibrium price,


A) there is a shortage and the price will fall.
B) the quantity demanded is equal to the quantity supplied and the price remains unchanged.
C) there is a surplus and the price will rise.
D) there is a shortage and the price will rise.
E) there is a surplus and the price will fall.

Correct Answer:

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