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    Microeconomics Theory with Applications
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    Exam 13: Competitive General Equilibrium
  5. Question
    Walrus Law States That
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Walrus Law States That

Question 2

Question 2

Multiple Choice

Walrus Law states that:


A) supply creates its own demand.
B) if n- 1 markets are in equilibrium, then the last market is in equilibrium.
C) all markets will reach an equilibrium called general equilibrium.
D) equilibrium is where supply equals demand.

Correct Answer:

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