Multiple Choice
If a market is NOT at equilibrium
A) supply will shift until the market reaches equilibrium.
B) demand will shift until the market reaches equilibrium.
C) both supply and demand will shift until the market reaches equilibrium.
D) the price will change and, in response, market participants will move along the existing supply and demand curves until the market reaches equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
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