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  3. Study Set
    Intermediate Macroeconomics
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    Exam 1: Thinking About Macroeconomics
  5. Question
    -In Figure1.1 If Price Is 7, Then
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-In Figure1.1 If Price Is 7, Then

Question 20

Question 20

Multiple Choice

  -In Figure1.1 if price is 7, then A) the market is in equilibrium. B) there is excess quantity supplied. C) there is excess quantity demanded. D) the market clears.
-In Figure1.1 if price is 7, then


A) the market is in equilibrium.
B) there is excess quantity supplied.
C) there is excess quantity demanded.
D) the market clears.

Correct Answer:

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