Economics · Basic Concepts
In market economic equilibrium, which of the following conditions always holds true?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The surplus is larger than the shortage
- 2Elasticity of demand equals elasticity of supply
- 3Price elasticity of demand is unity
- 4Supply is equal to the demand✓
Correct answer
Supply is equal to the demand
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