Multiple Choice
Which of the following statements is TRUE about the equilibrium price, P, and equilibrium quantity, Q?
A) If the price is set at P, then more than Q will be sold.
B) If the price is set above P, then less than Q will be sold.
C) If the price is set below P, then more than Q will be sold.
D) Both b and c are true.
Correct Answer:

Verified
Correct Answer:
Verified
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