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4 If the market price of a product happens to be at equilibrium, which of the following will happen next? Surplus will be created. Nothing
4 If the market price of a product happens to be at equilibrium, which of the following will happen next?
- Surplus will be created.
- Nothing will happen since the market is already clearing.
- The price will decrease and consumers will purchase more.
- The price will increase and consumers will purchase less of that item.
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