If the Current Price of a Good Is the Same

question 62

Multiple Choice

If the current price of a good is the same as that found at the intersection of the market demand and supply curves, then:​

• A) ​excess demand exists.
• B) ​excess supply exists.
• C) ​ price will rise.
• D) ​ price will fall.
• E) ​the market is in equilibrium.

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