Multiple Choice
Looking at last year's sweaters piled up on sale racks, or waiting over an hour for a table at a restaurant is best described as a situation
A) where equilibrium can never occur.
B) that always exists.
C) where the market is on its way to equilibrium.
D) where there is no market.
E) where there is no demand.
Correct Answer:

Verified
Correct Answer:
Verified
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