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  • If the price was fixed below the equilibrium price, there...
Multiple choice

If the price was fixed below the equilibrium price, there would be

  1. Excess supply

  2. Excess demand

  3. Equilibrium

  4. Downward pressure on prices

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Right answer because if the price was fixed too, low there would be excess demand.

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