Multiple Choice
Why does equilibrium in the market for a traded good not occur where that country's quantity demanded equals quantity supplied?
A) Because equilibrium occurs where demand equals supply.
B) Because markets are never in equilibrium.
C) Because some of the good is imported or exported.
D) Because there are several demand curves, and the market can't choose between them.
E) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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