Question: Question 1 (1 point) Which one is not true about a market clearing price? Consumer's surplus is maximized Social welfare (consumers' surplus + seller's surplus)

Question 1 (1 point) Which one is not true about

Question 1 (1 point) Which one is not true about a market clearing price? Consumer's surplus is maximized Social welfare (consumers' surplus + seller's surplus) will be maximized it is where a demand curve meets a supply curve This is an equilibrium price in a market if the price is set at a higher price than the equilibrium price, seller's surplus will be increased

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