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QUESTION
Imagine a free market in which at a price of $10, quantity supplied is 50 units and quantity demanded is 50 units. Equilibrium price in this market:...
Imagine a free market in which at a price of $10, quantity supplied is 50 units and quantity demanded is 50 units. Equilibrium price in this market:
Select one:
a. is equal to $10.
b. is less than $10.
c. is greater than $10.
d. differs from $10 in an indeterminate direction.
