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    Principles of Microeconomics Study Set 4
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    Exam 3: Demand and Supply
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    There Is Equilibrium in the Market When
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There Is Equilibrium in the Market When

Question 50

Question 50

Multiple Choice

There is equilibrium in the market when:


A) there is no shortage.
B) there is no surplus.
C) price is established where the supply curve and the demand curve intersect.
D) all of the above are true.

Correct Answer:

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