Card 6 / 47: The quantity demanded will equal the quantity supplied at a free market equilibrium and also when:
A)
a price floor is established above the equilibrium price.
B)
a shortage of a commodity persists.
C)
a price ceiling is established below the equilibrium price.
D)
an effective price ceiling exists and the government is able to prevent the development of a black market.
E)
none of the above cause quantity demanded to equal quantity supplied.
Answer:
E) none of the above cause quantity demanded to equal quantity supplied.
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