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-(Exhibit: Markets and Efficiency) in Panel (A)

Question 83

Multiple Choice

-(Exhibit: Markets and Efficiency) In panel (a) : A) the price of apples is $0.80 and the quantity demanded is Q<sub>1</sub>. B) the equilibrium price ensures that quantity demanded will match quantity supplied. C) the equilibrium price ensures that there will be neither surpluses nor shortages. D) all of the above are true.
-(Exhibit: Markets and Efficiency) In panel (a) :


A) the price of apples is $0.80 and the quantity demanded is Q1.
B) the equilibrium price ensures that quantity demanded will match quantity supplied.
C) the equilibrium price ensures that there will be neither surpluses nor shortages.
D) all of the above are true.

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