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6 Establishing Equilibrium Determine the relationship between price and quantity during equilibrium. Which of the following does NOT describe equilibrium? a.) Quantity supplied and quantity

6 Establishing Equilibrium Determine the relationship between price and quantity during equilibrium. Which of the following does NOT describe equilibrium? a.) Quantity supplied and quantity demanded are equal b.) Firms maximizing profit c.) Every buyer finding a seller, and every seller finding a buyer d.) The market clearing price is attained

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