Multiple Choice
What is the equilibrium price?
A) The price at which there is no surplus,but there may be a shortage.
B) The price at which there is no shortage,but there may be a surplus.
C) The price at which everyone is able to buy the quantities they desire.
D) The price at which the quantity demanded equals the quantity supplied.
E) The price that both buyers and sellers agree is fair.
Correct Answer:
Verified
Correct Answer:
Verified
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