When Prices Are Free to Adjust Over Time,the Market Price

question 21

Multiple Choice

When prices are free to adjust over time,the market price of a good tends to:

• A)rise above the equilibrium price in the long run.
• B)equal the equilibrium price in the long run.
• C)fall below the equilibrium price in the long run.
• D)have no specific relationship to the equilibrium price.

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Definitions:

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A Windows-based utility that displays memory and processor usage data and also displays currently loaded applications as well as currently running processes.

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