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Describe the market-clearing price.

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Insha Fatima
Insha FatimaLv10
22 Sep 2020
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Related questions

Choose the correct answer:

The scalping of tickets for an event is a sign that the stated price on the ticket is:

A. Equal to the Quantity Demanded

B. Equal to the Market-Clearing Price

C. Below the Market-Clearing Price

D. Above the Market-Clearing Price

What is an unintended consequence when the government sets a price control on rental apartments?
A) Because prices are set below market clearing price, suppliers will rent more apartments causing a housing surplus.
B) Because prices are set above market clearing price, suppliers will rent fewer apartments causing a housing surplus.
C) Because prices are set below market clearing price, suppliers will rent fewer apartments causing a housing shortage.
D) Because prices are set above market clearing price, suppliers will rent fewer apartments causing a housing shortage.
suppose there is a simultaneous increase in the demand for rice and an increase in the supply of rice. Which of the following will occur as a result of these events?
Ā 
A.) The market-clearing price will fall, but the equilibrium quantity will rise
B.) The market-clearing price may rise, fall, or stay the same, but the equilibrium quantity will rise
C.) The market-clearing price will fall, but the equilibrium quantity may rise, fall, or stay the same
D.) Both the market-clearing price and equilibrium

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