At the Market- Clearing Price for a Commodity

question 45

Multiple Choice

At the market- clearing price for a commodity

• A)shifts in the supply or demand curves will not cause price changes.
• B)prices will remain unchanged, even if there is excess demand.
• C)there will never again be any pressure for prices to change, independent of what happens to demand or supply.
• D)the quantity supplied of the commodity equals quantity demanded.
• E)there may be excess demand for a product but not excess supply.

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