Multiple Choice
Walras' law states that, if there is more than one market each with many perfectly informed buyers and sellers:
A) and if one is in equilibrium, the others are also in equilibrium.
B) no one will offer a price above the reservation price.
C) a competitive equilibrium will result.
D) and if all but one is in equilibrium, the other is in equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
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