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-At a Price of P₀ in the Above Figure, Which

Question 140

Multiple Choice

-At a price of P₀ in the above figure, which of the following statements is FALSE? A) Quantity demanded equals quantity supplied. B) There is an equilibrium in the market. C) P₀ is the market clearing price. D) There is a surplus equal to Q₀.
-At a price of P₀ in the above figure, which of the following statements is FALSE?


A) Quantity demanded equals quantity supplied.
B) There is an equilibrium in the market.
C) P₀ is the market clearing price.
D) There is a surplus equal to Q₀.

Correct Answer:

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