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The Most Important Characteristic of the Equilibrium Price Is That

Question 34

Multiple Choice

The most important characteristic of the equilibrium price is that it:


A) guarantees that producers earn profit.
B) clears the market,leaving neither a surplus nor a shortage.
C) maximizes the quantity demanded.
D) minimizes the quantity demanded.
E) guarantees that all buyers who want to buy the product will get it.

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