Which one of the following statements is incorrect? At equilibrium: A. demand is equal to supply. B. the quantity demanded is equal to the quantity supplied. C. there is no excess demand. D. there is no excess supply. E. there is no market surplus.
Which one of the following statements is incorrect? At equilibrium: A. demand is equal to supply. B. the quantity demanded is equal to the quantity supplied. C. there is no excess demand. D. there is no excess supply. E. there is no market surplus.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter4: Markets In Action
Section: Chapter Questions
Problem 5SQP
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Question
Which one of the following statements is incorrect?
At equilibrium:
A.
B. the quantity demanded is equal to the quantity supplied.
C. there is no excess demand.
D. there is no
E. there is no market surplus.
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