Market Equilibrium I

question 91

Multiple Choice

Market equilibrium i. can never occur because there are always people who want a good but cannot afford it.
Ii) occurs at the intersection of the supply and demand curves.
Iii) is the point where the price equals the quantity.

• A) i and ii
• B) ii and iii
• C) ii only
• D) iii only
• E) i only

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