

MCQOPTIONS
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1. |
If the price of good is equal to the equilibrium price ? |
A. | there is a shortage and the price will fall |
B. | the quantity demanded is equal to the quantity supplied supplied and the price remains unchanged |
C. | there is surplus and the price will rise |
D. | there is a shortage and the price will rise |
E. | there is a surplus and the price will fall |
Answer» C. there is surplus and the price will rise | |