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1.Which of the following predictions is not made by the supply and demand model? a.If there is excess demand, the price will rise. b.If there

1.Which of the following predictions is not made by the supply and demand model?

a.If there is excess demand, the price will rise.

b.If there is excess supply, the price will fall.

c.If there is no excess demand or excess supply, the market will be in equilibrium.

d.A market which is out of equilibrium will always move rapidly to the equilibrium.

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