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26 December, 13:05

The equilibrium price " clears the market" which means it is the price at which

A) everything is sold

B) buyers spend all their money

C) quantity demanded equals quantity supplied

D) quantity supplied is greater than quantity demanded

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Answers (1)
  1. 26 December, 13:10
    0
    The correct answer is A.

    "Clearing the market" refers to the price at which a product is priced so perfectly and in tune with demand and supply that all of that product is sold.
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