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In the Following Graph, QS and QD Represent the Supply

question 73

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In the following graph, QS and QD represent the supply and the demand curves respectively. Refer to the graph to answer the question. In the following graph, Q<sub>S </sub>and Q<sub>D</sub> represent the supply and the demand curves respectively. Refer to the graph to answer the question.   If the market price is £30: A)  the market is in equilibrium. B)  consumers may begin to bid up the price in order to buy more of the product. C)  there is a surplus in the market. D)  no trades will occur in the market. If the market price is £30:

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