Asked by Carmen LeMaster on May 17, 2024

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When market price is above the equilibrium level,it will _____;when price is below the equilibrium level it will _____;when price is at the equilibrium level it will _____.

Equilibrium Level

A condition where the supply and demand in the market are equal, leading to steady prices and amounts.

  • Comprehend the results of market imbalance.
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MF
Michaela FitzgeraldMay 18, 2024
Final Answer :
fall;rise;stay the same