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The price at which there is neither an excess demand nor excess supply must be the _____ price.Multiple choice question.efficientequilibriumequitable

Question

The price at which there is neither an excess demand nor excess supply must be the _____ price.Multiple choice question.efficientequilibriumequitable
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Solution 1

The correct answer is "equilibrium". This is the price at which the quantity demanded by consumers equals the quantity supplied by producers, resulting in market equilibrium. There is no excess demand or supply at this price. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to sol

solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study pro

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