CupcakeTwist1313 CupcakeTwist1313
  • 08-01-2024
  • Business
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Assume a market has an equilibrium price of 4. If the market price is set at 8, which of the following statements is true?
1) The market is in surplus
2) The market is in equilibrium
3) The market is in shortage
4) The market is inefficient

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