Q
If the price of good is equal to the equilibrium price ?
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A
A. There is a shortage and the price will fall
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B
B. The quantity demanded is equal to the quantity supplied supplied and the price remains unchanged
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C
C. There is surplus and the price will rise
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D
D. There is a shortage and the price will rise
Correct Answer:
B. B. The quantity demanded is equal to the quantity supplied supplied and the price remains unchanged