Which is true if equilibrium is present in a market? a) Quantity supplied exceeds quantity demanded b)

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Which is true if equilibrium is present in a market?

a) Quantity supplied exceeds quantity demanded

b) The price of the product will tend to rise.

c) Quantity demanded exceeds quantity supplied.

d) Quantity demanded equals quantity supplied.

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Posted Date: Jan 11, 2023 03:54 AM

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Which is true if equilibrium is present in a market? a) Quantity supplied exceeds quantity demanded b)

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The detailed answer for the above question is provided below ANSWER d Quantity demanded equ... View the full answer

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