Multiple Choice
In a free market when there are unexploited gains from trade:
A) the market is slow to adjust to this situation.
B) there are sellers who are unwilling to sell at prices buyers are willing to pay.
C) there are buyers who are willing to pay more for goods than sellers are asking.
D) an equilibrium price and quantity have been reached.
Correct Answer:
Verified
Correct Answer:
Verified
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