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Which of the Following Statements Is TRUE About the Equilibrium

Question 44

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.

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