If the current price of a good is the same as that found at the ...

[ssal]

If the current price of a good is the same as that found at the intersection of the market demand and supply curves, then:
 a. excess demand exists.
 b. excess supply exists.
 c. price will rise.
 d. price will fall.
 e. the market is in equilibrium.

Question 2

The most important characteristic of the equilibrium price is that it:
 a. guarantees that producers earn profit.
  b. clears the market.
 c. increases the quantity demanded.
  d. decreases the quantity demanded.

[firehawk60]

Answer to Question 1

e

Answer to Question 2

b

[ssal]

Gracias!

[raenoj]

Excellent