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When a Market Is in Equilibrium, Businesses That Are Not

question 205

True/False

When a market is in equilibrium, businesses that are not willing to supply products or services at the market-clearing price have not made a smart choice.


Definitions:

Presentation

The act of showing and explaining the content of a topic to an audience or listener.

Formal

Following established conventions or requirements; opposite of informal.

Unfavourable Response

A reaction or reply that is negative or not supportive, often received after presenting an idea or proposal.

Conclusions

The final part of something, typically a document, speech, or piece of reasoning, summarizing the main points or outcomes.

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