Multiple Choice
If the market for corn is in equilibrium:
A) every buyer who wants to consume corn can acquire corn.
B) every producer who wants to sell corn can do so.
C) the price is set so that the quantity of corn produced is equal to the quantity of corn consumed.
D) all producers of corn earn the same amount of income from the sale of corn.
Correct Answer:
Verified
Correct Answer:
Verified
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