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What is true of a good at a market clearing price? A) There is no competitive market for the good. B) Quantity supplied is greater than quantity demanded. C) Producers must lower inventory in order to
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What is true of a good at a market clearing price?

A)
There is no competitive market for the good.
B)
Quantity supplied is greater than quantity demanded.
C)
Producers must lower inventory in order to increase demand.
D)
The quantity of a good demanded is equal to the quantity supplied.

User John Engelman
by
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1 Answer

2 votes

Answer:

D. The quantity of a good demanded is equal to the quantity supplied.

Step-by-step explanation:

Deman will not change, but supply decrease. Demand will decrease.

User Jake G
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